BidaskClub upgraded shares of Century Bancorp (NASDAQ:CNBKA) from a hold rating to a buy rating in a report published on Monday.

Separately, ValuEngine lowered shares of Century Bancorp from a buy rating to a hold rating in a research note on Friday, December 1st.

Shares of Century Bancorp (CNBKA) opened at $75.80 on Monday. Century Bancorp has a 12 month low of $53.35 and a 12 month high of $89.40. The company has a market cap of $432.00, a P/E ratio of 14.06 and a beta of 0.75. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.50.

Century Bancorp (NASDAQ:CNBKA) last announced its quarterly earnings results on Tuesday, January 16th. The bank reported $1.52 EPS for the quarter. Century Bancorp had a net margin of 17.16% and a return on equity of 12.08%. The company had revenue of $26.11 million for the quarter.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be paid a dividend of $0.12 per share. The ex-dividend date is Wednesday, January 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.63%. Century Bancorp’s dividend payout ratio is presently 12.00%.

In related news, major shareholder James J. Filler acquired 1,721 shares of the stock in a transaction that occurred on Monday, November 27th. The shares were acquired at an average price of $84.62 per share, for a total transaction of $145,631.02. Following the completion of the purchase, the insider now directly owns 592,001 shares of the company’s stock, valued at $50,095,124.62. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder James J. Filler acquired 500 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were bought at an average price of $80.86 per share, for a total transaction of $40,430.00. Following the purchase, the insider now directly owns 608,829 shares of the company’s stock, valued at $49,229,912.94. The disclosure for this purchase can be found here. Insiders have purchased 27,687 shares of company stock worth $2,260,500 in the last quarter. Company insiders own 36.91% of the company’s stock.

A number of large investors have recently modified their holdings of CNBKA. Prudential Financial Inc. boosted its holdings in Century Bancorp by 1.4% during the second quarter. Prudential Financial Inc. now owns 7,420 shares of the bank’s stock worth $472,000 after buying an additional 100 shares in the last quarter. Northern Trust Corp boosted its holdings in Century Bancorp by 6.9% during the second quarter. Northern Trust Corp now owns 50,905 shares of the bank’s stock worth $3,237,000 after buying an additional 3,269 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Century Bancorp by 8.9% during the second quarter. Dimensional Fund Advisors LP now owns 120,741 shares of the bank’s stock worth $7,679,000 after buying an additional 9,859 shares in the last quarter. Cornerstone Capital Management Holdings LLC. boosted its holdings in Century Bancorp by 27.0% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 6,593 shares of the bank’s stock worth $419,000 after buying an additional 1,400 shares in the last quarter. Finally, State Street Corp boosted its holdings in Century Bancorp by 3.7% during the second quarter. State Street Corp now owns 57,755 shares of the bank’s stock worth $3,667,000 after buying an additional 2,038 shares in the last quarter. Hedge funds and other institutional investors own 36.54% of the company’s stock.

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About Century Bancorp

Century Bancorp, Inc is a state-chartered bank holding company. The Company has a banking subsidiary: Century Bank and Trust Company (the Bank). The Company offers a range of services to commercial enterprises, state and local Governments and agencies, non-profit organizations and individuals. It operates approximately 30 banking offices in 20 cities and towns in Massachusetts, ranging from Braintree in the south to Andover in the north.

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