Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 1,631 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The stock was purchased at an average price of $86.29 per share, with a total value of $140,738.99. Following the purchase, the insider now directly owns 699,211 shares of the company’s stock, valued at approximately $60,334,917.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
NASDAQ:CNBKA opened at $89.26 on Friday. Century Bancorp, Inc. has a 1 year low of $65.15 and a 1 year high of $95.70. The firm has a 50 day moving average price of $87.98. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $499.25 million, a PE ratio of 13.02 and a beta of 0.85.
Century Bancorp (NASDAQ:CNBKA) last posted its earnings results on Tuesday, April 9th. The bank reported $1.69 earnings per share (EPS) for the quarter. Century Bancorp had a net margin of 22.75% and a return on equity of 12.85%. The company had revenue of $27.87 million during the quarter.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Wednesday, July 31st.
Separately, BidaskClub upgraded shares of Century Bancorp from a “strong sell” rating to a “sell” rating in a research note on Monday, July 1st.
Several large investors have recently bought and sold shares of CNBKA. New England Research & Management Inc. increased its holdings in shares of Century Bancorp by 41.3% in the second quarter. New England Research & Management Inc. now owns 5,549 shares of the bank’s stock valued at $488,000 after purchasing an additional 1,623 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of Century Bancorp by 11.7% in the first quarter. Acadian Asset Management LLC now owns 5,290 shares of the bank’s stock valued at $386,000 after purchasing an additional 556 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Century Bancorp by 10.2% in the first quarter. Janney Montgomery Scott LLC now owns 5,847 shares of the bank’s stock valued at $427,000 after purchasing an additional 541 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Century Bancorp in the first quarter valued at approximately $130,000. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Century Bancorp by 552.2% in the first quarter. BNP Paribas Arbitrage SA now owns 600 shares of the bank’s stock valued at $44,000 after purchasing an additional 508 shares in the last quarter. Institutional investors own 33.94% of the company’s stock.
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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