Century BanCorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler acquired 600 shares of the stock in a transaction dated Monday, April 9th. The stock was purchased at an average cost of $78.72 per share, with a total value of $47,232.00. Following the purchase, the insider now directly owns 619,853 shares of the company’s stock, valued at $48,794,828.16. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Century BanCorp stock opened at $79.75 on Friday. 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 1.47, a current ratio of 0.62 and a quick ratio of 0.62. The company has a market capitalization of $442.58, a PE ratio of 13.68 and a beta of 0.75.
Century BanCorp (NASDAQ:CNBKA) last released its quarterly earnings data on Tuesday, January 16th. The bank reported $1.52 earnings per share (EPS) for the quarter. Century BanCorp had a return on equity of 12.49% and a net margin of 17.71%. The company had revenue of $26.11 million during the quarter.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Monday, April 30th.
Separately, BidaskClub downgraded Century BanCorp from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 30th.
Institutional investors have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC acquired a new stake in Century BanCorp during the 4th quarter valued at approximately $118,000. Wells Fargo & Company MN increased its position in Century BanCorp by 54.2% during the 3rd quarter. Wells Fargo & Company MN now owns 3,540 shares of the bank’s stock valued at $283,000 after purchasing an additional 1,244 shares during the period. First Trust Advisors LP acquired a new stake in Century BanCorp during the 4th quarter valued at approximately $340,000. Cornerstone Capital Management Holdings LLC. increased its position in Century BanCorp by 60.7% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 10,593 shares of the bank’s stock valued at $848,000 after purchasing an additional 4,000 shares during the period. Finally, Bowling Portfolio Management LLC acquired a new stake in Century BanCorp during the 4th quarter valued at approximately $866,000. 36.94% of the stock is owned by institutional investors.
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About Century BanCorp
Century Bancorp, Inc operates as a bank holding company for Century Bank and Trust Company that provides banking products and services. The company accepts savings accounts, NOW accounts, demand deposits, time deposits, and money market accounts, as well as cash management accounts. It offers single-family and multi-family residential loans, municipal loans, commercial and residential real estate loans, and various consumer loans, as well as provides loans for the construction of residential homes, multi-family properties, commercial real estate properties, and land development.
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