Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 200 shares of the stock in a transaction dated Friday, March 16th. The shares were purchased at an average price of $77.70 per share, for a total transaction of $15,540.00. Following the purchase, the insider now owns 617,272 shares of the company’s stock, valued at approximately $47,962,034.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Century Bancorp, Inc. (NASDAQ:CNBKA) traded down $0.60 during midday trading on Friday, hitting $77.40. The stock had a trading volume of 16,898 shares, compared to its average volume of 6,492. Century Bancorp, Inc. has a one year low of $53.35 and a one year high of $89.40. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.61 and a current ratio of 0.61. The company has a market capitalization of $434.23, a price-to-earnings ratio of 19.35 and a beta of 0.78.
Century Bancorp (NASDAQ:CNBKA) last posted its quarterly earnings data on Tuesday, January 16th. The bank reported $1.52 EPS for the quarter. Century Bancorp had a return on equity of 12.08% and a net margin of 17.16%. The firm had revenue of $26.11 million for the quarter.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st were paid a dividend of $0.12 per share. 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 0.62%. Century Bancorp’s dividend payout ratio (DPR) is presently 12.00%.
A number of institutional investors have recently bought and sold shares of CNBKA. MetLife Investment Advisors LLC bought a new position in Century Bancorp during the 4th quarter worth $118,000. The Manufacturers Life Insurance Company increased its stake in Century Bancorp by 1,300.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,922 shares of the bank’s stock worth $249,000 after acquiring an additional 3,642 shares during the period. Wells Fargo & Company MN increased its stake in Century Bancorp by 54.2% during the 3rd quarter. Wells Fargo & Company MN now owns 3,540 shares of the bank’s stock worth $283,000 after acquiring an additional 1,244 shares during the period. First Trust Advisors LP bought a new position in Century Bancorp during the 4th quarter worth $340,000. Finally, ClariVest Asset Management LLC increased its stake in shares of Century Bancorp by 26.1% in the 3rd quarter. ClariVest Asset Management LLC now owns 5,111 shares of the bank’s stock valued at $409,000 after purchasing an additional 1,057 shares during the last quarter. Hedge funds and other institutional investors own 36.90% of the company’s stock.
A number of equities analysts have recently weighed in on the company. BidaskClub lowered Century Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. ValuEngine lowered Century Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.
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Century Bancorp Company Profile
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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