BlackRock Inc. grew its holdings in shares of Century Bancorp, Inc. (NASDAQ:CNBKA) by 2.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 149,471 shares of the bank’s stock after buying an additional 3,208 shares during the quarter. BlackRock Inc.’s holdings in Century Bancorp were worth $11,420,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in CNBKA. Schwab Charles Investment Management Inc. lifted its stake in Century Bancorp by 40.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 16,565 shares of the bank’s stock worth $1,316,000 after purchasing an additional 4,729 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Century Bancorp by 3.3% during the second quarter. Russell Investments Group Ltd. now owns 45,681 shares of the bank’s stock worth $3,491,000 after purchasing an additional 1,443 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Century Bancorp by 5.8% during the first quarter. Dimensional Fund Advisors LP now owns 150,604 shares of the bank’s stock worth $11,958,000 after purchasing an additional 8,278 shares during the last quarter. Institutional investors own 35.93% of the company’s stock.
Several equities research analysts have weighed in on CNBKA shares. BidaskClub lowered Century Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th. ValuEngine lowered Century Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd.
Shares of NASDAQ CNBKA opened at $73.66 on Friday. Century Bancorp, Inc. has a 1-year low of $70.55 and a 1-year high of $89.40. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $413.13 million, a price-to-earnings ratio of 11.89 and a beta of 0.60.
Century Bancorp (NASDAQ:CNBKA) last issued its earnings results on Tuesday, October 9th. The bank reported $1.72 earnings per share for the quarter. Century Bancorp had a return on equity of 12.94% and a net margin of 18.08%. The firm had revenue of $27.37 million for the quarter.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.65%. The ex-dividend date is Wednesday, October 31st.
In other Century Bancorp news, major shareholder James J. Filler purchased 925 shares of the stock in a transaction dated Wednesday, August 8th. The shares were bought at an average cost of $76.32 per share, with a total value of $70,596.00. Following the completion of the acquisition, the insider now owns 633,390 shares of the company’s stock, valued at $48,340,324.80. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder James J. Filler purchased 2,035 shares of the stock in a transaction dated Monday, August 27th. The shares were acquired at an average cost of $72.55 per share, for a total transaction of $147,639.25. Following the completion of the acquisition, the insider now directly owns 634,433 shares of the company’s stock, valued at approximately $46,028,114.15. The disclosure for this purchase can be found here. Insiders acquired 20,037 shares of company stock worth $1,499,986 over the last ninety days. 36.91% of the stock is owned by corporate insiders.
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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