Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was acquired at an average price of $75.61 per share, for a total transaction of $75,610.00. Following the completion of the acquisition, the insider now directly owns 682,699 shares of the company’s stock, valued at $51,618,871.39. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Century Bancorp stock traded down $1.75 during mid-day trading on Friday, reaching $74.94. The company’s stock had a trading volume of 20,341 shares, compared to its average volume of 5,391. The company has a market cap of $430.16 million, a P/E ratio of 11.89 and a beta of 0.86. Century Bancorp, Inc. has a 12 month low of $65.15 and a 12 month high of $84.49. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.42.
Century Bancorp (NASDAQ:CNBKA) last released its earnings results on Tuesday, January 15th. The bank reported $1.78 earnings per share for the quarter. The business had revenue of $27.87 million during the quarter. Century Bancorp had a net margin of 23.62% and a return on equity of 13.05%.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 15th. Investors of record on Friday, February 1st were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date was Thursday, January 31st.
CNBKA has been the subject of several recent analyst reports. BidaskClub downgraded shares of Century Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 4th. ValuEngine raised shares of Century Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, November 20th.
A number of institutional investors have recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co. NY acquired a new stake in Century Bancorp in the fourth quarter valued at $72,000. MetLife Investment Advisors LLC acquired a new stake in Century Bancorp in the fourth quarter valued at $99,000. Rhumbline Advisers lifted its stake in Century Bancorp by 43.5% in the fourth quarter. Rhumbline Advisers now owns 4,051 shares of the bank’s stock valued at $274,000 after acquiring an additional 1,228 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in 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 during the last quarter. Finally, Delphi Management Inc. MA lifted its stake in Century Bancorp by 20.5% in the fourth quarter. Delphi Management Inc. MA now owns 10,810 shares of the bank’s stock valued at $732,000 after acquiring an additional 1,840 shares during the last quarter. 34.95% of the stock is owned by institutional investors and hedge funds.
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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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