Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 1,000 shares of the stock in a transaction dated Wednesday, November 1st. The shares were acquired at an average price of $84.33 per share, with a total value of $84,330.00. Following the completion of the purchase, the insider now directly owns 585,467 shares of the company’s stock, valued at $49,372,432.11. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of Century Bancorp, Inc. (NASDAQ CNBKA) opened at $85.10 on Monday. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market cap of $473.75, a price-to-earnings ratio of 16.46 and a beta of 0.76.

Century Bancorp (NASDAQ:CNBKA) last announced its earnings results on Tuesday, October 10th. The bank reported $1.44 earnings per share for the quarter. The company had revenue of $25.30 million during the quarter. Century Bancorp had a return on equity of 11.65% and a net margin of 23.11%.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be paid a dividend of $0.12 per share. The ex-dividend date is Tuesday, October 31st. This represents a $0.48 annualized dividend and a dividend yield of 0.56%. Century Bancorp’s dividend payout ratio is presently 9.28%.

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Large investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC acquired a new position in Century Bancorp in the second quarter worth about $209,000. The Manufacturers Life Insurance Company grew its stake in Century Bancorp by 1,300.7% in the second quarter. The Manufacturers Life Insurance Company now owns 3,922 shares of the bank’s stock worth $249,000 after purchasing an additional 3,642 shares in the last quarter. ClariVest Asset Management LLC grew its stake in Century Bancorp by 31.0% in the second quarter. ClariVest Asset Management LLC now owns 4,054 shares of the bank’s stock worth $258,000 after purchasing an additional 960 shares in the last quarter. ZPR Investment Management grew its stake in Century Bancorp by 2.7% in the second quarter. ZPR Investment Management now owns 4,815 shares of the bank’s stock worth $306,000 after purchasing an additional 125 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. grew its stake in Century Bancorp by 27.0% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 6,593 shares of the bank’s stock worth $419,000 after purchasing an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 36.85% of the company’s stock.

Century Bancorp Company Profile

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.

Insider Buying and Selling by Quarter for Century Bancorp (NASDAQ:CNBKA)

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