Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 200 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were purchased at an average cost of $78.75 per share, with a total value of $15,750.00. Following the completion of the acquisition, the insider now directly owns 614,431 shares of the company’s stock, valued at $48,386,441.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Century Bancorp, Inc. (NASDAQ CNBKA) opened at $78.20 on Thursday. 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. The stock has a market cap of $423.93, a PE ratio of 19.55 and a beta of 0.75.
Century Bancorp (NASDAQ:CNBKA) last issued its earnings results on Tuesday, January 16th. The bank reported $1.52 earnings per share (EPS) for the quarter. Century Bancorp had a net margin of 17.16% and a return on equity of 12.08%. The company had revenue of $26.11 million during the quarter.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, January 31st. This represents a $0.48 dividend on an annualized basis and a yield of 0.61%. Century Bancorp’s dividend payout ratio (DPR) is presently 12.00%.
A number of institutional investors have recently modified their holdings of CNBKA. MetLife Investment Advisors LLC purchased a new position in shares of Century Bancorp during the 4th quarter worth approximately $118,000. Deutsche Bank AG increased its stake in shares of Century Bancorp by 24.4% during the 4th quarter. Deutsche Bank AG now owns 23,736 shares of the bank’s stock worth $1,856,000 after purchasing an additional 4,649 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Century Bancorp by 15.6% during the 4th quarter. Renaissance Technologies LLC now owns 111,600 shares of the bank’s stock worth $8,733,000 after purchasing an additional 15,100 shares in the last quarter. AXA increased its stake in shares of Century Bancorp by 26.9% during the 4th quarter. AXA now owns 16,624 shares of the bank’s stock worth $1,301,000 after purchasing an additional 3,524 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Century Bancorp by 4.9% during the 4th quarter. Geode Capital Management LLC now owns 25,418 shares of the bank’s stock worth $1,988,000 after purchasing an additional 1,177 shares in the last quarter. 35.90% of the stock is owned by institutional investors.
Several research firms recently issued reports on CNBKA. ValuEngine cut shares of Century Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub cut shares of Century Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd.
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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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