Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler acquired 419 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were purchased at an average price of $68.08 per share, with a total value of $28,525.52. Following the transaction, the insider now owns 660,291 shares of the company’s stock, valued at $44,952,611.28. The acquisition was disclosed in a document filed 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.
Shares of CNBKA traded down $0.06 during trading hours on Friday, reaching $77.57. 1,847 shares of the company traded hands, compared to its average volume of 7,725. The firm has a market capitalization of $429.10 million, a PE ratio of 11.86 and a beta of 0.77. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.60 and a quick ratio of 0.60. Century Bancorp, Inc. has a 12-month low of $65.15 and a 12-month high of $84.49.
Century Bancorp (NASDAQ:CNBKA) last announced its quarterly earnings data on Tuesday, January 15th. The bank reported $1.78 earnings per share for the quarter. The firm had revenue of $27.87 million for 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 will be paid on Friday, February 15th. Investors of record on Friday, February 1st will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, January 31st. This represents a $0.48 dividend on an annualized basis and a yield of 0.62%.
Institutional investors have recently modified their holdings of the business. Rhumbline Advisers raised its position in shares of Century Bancorp by 43.5% during the 4th quarter. Rhumbline Advisers now owns 4,051 shares of the bank’s stock worth $274,000 after purchasing an additional 1,228 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Century Bancorp by 42.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 5,446 shares of the bank’s stock worth $393,000 after purchasing an additional 1,611 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Century Bancorp during the 2nd quarter worth about $627,000. Delphi Management Inc. MA raised its position in shares of Century Bancorp by 240.3% during the 2nd quarter. Delphi Management Inc. MA now owns 9,568 shares of the bank’s stock worth $740,000 after purchasing an additional 6,756 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Century Bancorp by 25.9% during the 3rd quarter. Wells Fargo & Company MN now owns 12,551 shares of the bank’s stock worth $906,000 after purchasing an additional 2,583 shares during the last quarter. Institutional investors and hedge funds own 35.51% of the company’s stock.
CNBKA has been the subject of several research analyst reports. BidaskClub raised shares of Century Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. ValuEngine raised shares of Century Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, October 11th.
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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