Century Bancorp, Inc. (CNBKA) Major Shareholder James J. Filler Buys 400 Shares of Stock

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.

Insider Buying and Selling by Quarter for Century Bancorp (NASDAQ:CNBKA)

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