Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 400 shares of the stock in a transaction on Tuesday, February 20th. The shares were acquired at an average cost of $76.95 per share, for a total transaction of $30,780.00. Following the completion of the transaction, the insider now directly owns 614,431 shares of the company’s stock, valued at $47,280,465.45. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Century Bancorp, Inc. (NASDAQ CNBKA) opened at $76.15 on Wednesday. The stock has a market capitalization of $431.16, a PE ratio of 14.03 and a beta of 0.75. Century Bancorp, Inc. has a 1 year low of $53.35 and a 1 year high of $89.40. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.61 and a quick ratio of 0.61.
Century Bancorp (NASDAQ:CNBKA) last issued its quarterly earnings results on Tuesday, January 16th. The bank reported $1.52 earnings per share (EPS) for the quarter. The company had revenue of $26.11 million for the quarter. Century Bancorp had a return on equity of 12.08% and a net margin of 17.16%.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.63%. The ex-dividend date was Wednesday, January 31st. Century Bancorp’s dividend payout ratio is currently 12.00%.
Several large investors have recently modified their holdings of the company. BlackRock Inc. grew its position in shares of Century Bancorp by 0.5% in the fourth quarter. BlackRock Inc. now owns 148,544 shares of the bank’s stock valued at $11,624,000 after purchasing an additional 750 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Century Bancorp by 10.4% in the third quarter. Dimensional Fund Advisors LP now owns 133,337 shares of the bank’s stock valued at $10,680,000 after purchasing an additional 12,596 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Century Bancorp by 15.6% in the fourth quarter. Renaissance Technologies LLC now owns 111,600 shares of the bank’s stock valued at $8,733,000 after buying an additional 15,100 shares during the period. Boston Partners lifted its stake in shares of Century Bancorp by 3.9% in the fourth quarter. Boston Partners now owns 78,658 shares of the bank’s stock valued at $6,155,000 after buying an additional 2,944 shares during the period. Finally, State Street Corp lifted its stake in shares of Century Bancorp by 3.7% in the second quarter. State Street Corp now owns 57,755 shares of the bank’s stock valued at $3,667,000 after buying an additional 2,038 shares during the period. 35.90% of the stock is currently owned by institutional investors.
CNBKA has been the topic of several research analyst reports. BidaskClub raised Century Bancorp from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. ValuEngine downgraded Century Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.
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About Century Bancorp
Century Bancorp, Inc is a state-chartered bank holding company. The Company has a banking subsidiary: Century Bank and Trust Company (the Bank). The Company offers a range of services to commercial enterprises, state and local Governments and agencies, non-profit organizations and individuals. It operates approximately 30 banking offices in 20 cities and towns in Massachusetts, ranging from Braintree in the south to Andover in the north.
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