Century Bancorp, Inc. (CNBKA) Major Shareholder Acquires $84,330.00 in Stock
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.
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