James J. Filler Purchases 1,839 Shares of Century Bancorp, Inc. (CNBKA) Stock

Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler acquired 1,839 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The stock was purchased at an average cost of $73.94 per share, with a total value of $135,975.66. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

NASDAQ:CNBKA opened at $75.80 on Wednesday. Century Bancorp, Inc. has a 52-week low of $70.55 and a 52-week high of $89.40. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.61 and a quick ratio of 0.61. The stock has a market cap of $410.07 million, a price-to-earnings ratio of 11.80 and a beta of 0.52.

Century Bancorp (NASDAQ:CNBKA) last released its quarterly earnings results on Tuesday, October 9th. The bank reported $1.72 earnings per share (EPS) for the quarter. Century Bancorp had a return on equity of 12.94% and a net margin of 18.08%. The business had revenue of $27.37 million during the quarter.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is Wednesday, October 31st.

A number of large investors have recently added to or reduced their stakes in CNBKA. Janney Montgomery Scott LLC lifted its position in shares of Century Bancorp by 42.0% in the third quarter. Janney Montgomery Scott LLC now owns 5,446 shares of the bank’s stock valued at $393,000 after acquiring an additional 1,611 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Century Bancorp by 25.9% in the third quarter. Wells Fargo & Company MN now owns 12,551 shares of the bank’s stock valued at $906,000 after acquiring an additional 2,583 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of Century Bancorp by 34.2% in the third quarter. Oppenheimer & Co. Inc. now owns 14,225 shares of the bank’s stock valued at $1,028,000 after acquiring an additional 3,625 shares in the last quarter. Clean Yield Group lifted its position in shares of Century Bancorp by 2.3% in the third quarter. Clean Yield Group now owns 107,654 shares of the bank’s stock valued at $7,778,000 after acquiring an additional 2,387 shares in the last quarter. Finally, Delphi Management Inc. MA lifted its position in shares of Century Bancorp by 240.3% in the second quarter. Delphi Management Inc. MA now owns 9,568 shares of the bank’s stock valued at $740,000 after acquiring an additional 6,756 shares in the last quarter. 35.95% of the stock is owned by institutional investors and hedge funds.

Several research firms have issued reports on CNBKA. ValuEngine raised Century Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, October 11th. BidaskClub raised Century Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, September 26th.

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Century Bancorp Company Profile

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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