Century Bancorp, Inc. (CNBKA) Announces Quarterly Dividend of $0.12
Century Bancorp, Inc. (NASDAQ:CNBKA) declared a quarterly dividend on Thursday, April 11th, Wall Street Journal reports. Investors of record on Wednesday, May 1st will be given a dividend of 0.12 per share by the bank on Wednesday, May 15th. This represents a $0.48 annualized dividend and a yield of 0.58%. The ex-dividend date is Tuesday, April 30th.
Shares of CNBKA stock traded up $3.48 during trading hours on Thursday, reaching $82.60. The company had a trading volume of 11,684 shares, compared to its average volume of 5,095. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.57 and a current ratio of 0.57. Century Bancorp has a twelve month low of $65.15 and a twelve month high of $84.49. The firm has a market cap of $440.70 million, a P/E ratio of 11.31 and a beta of 0.85.
Century Bancorp (NASDAQ:CNBKA) last released its earnings results on Tuesday, April 9th. The bank reported $1.69 EPS for the quarter. Century Bancorp had a return on equity of 13.15% and a net margin of 23.53%. The company had revenue of $27.87 million for the quarter.
An institutional investor recently raised its position in Century Bancorp stock. Geode Capital Management LLC raised its stake in Century Bancorp, Inc. (NASDAQ:CNBKA) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,306 shares of the bank’s stock after acquiring an additional 1,187 shares during the quarter. Geode Capital Management LLC owned about 0.53% of Century Bancorp worth $1,984,000 at the end of the most recent reporting period. 34.99% of the stock is currently owned by institutional investors.
Separately, BidaskClub cut Century Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, February 20th.
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.
Further Reading: Retained Earnings
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