Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 3,471 shares of Century Bancorp stock in a transaction that occurred on Tuesday, November 14th. The shares were purchased at an average price of $83.72 per share, for a total transaction of $290,592.12. Following the transaction, the insider now directly owns 587,955 shares in the company, valued at approximately $49,223,592.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Century Bancorp, Inc. (CNBKA) traded down $0.55 during midday trading on Tuesday, hitting $83.40. 3,400 shares of the company traded hands, compared to its average volume of 7,556. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.61 and a quick ratio of 0.61. The firm has a market cap of $467.35, a price-to-earnings ratio of 16.24 and a beta of 0.76. Century Bancorp, Inc. has a twelve month low of $48.82 and a twelve month high of $89.30.

Century Bancorp (NASDAQ:CNBKA) last posted its quarterly earnings results on Tuesday, October 10th. The bank reported $1.44 earnings per share (EPS) for the quarter. The business had revenue of $25.30 million for the quarter. Century Bancorp had a net margin of 23.11% and a return on equity of 11.47%.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $0.48 annualized dividend and a dividend yield of 0.58%. Century Bancorp’s dividend payout ratio is 9.28%.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The original version of this piece of content can be accessed at https://www.watchlistnews.com/century-bancorp-inc-cnbka-major-shareholder-james-j-filler-acquires-3471-shares/1703351.html.

Institutional investors have recently modified their holdings of the business. Janney Montgomery Scott LLC acquired a new stake in Century Bancorp in the second quarter valued at approximately $209,000. Wells Fargo & Company MN boosted its position in Century Bancorp by 54.2% in the third quarter. Wells Fargo & Company MN now owns 3,540 shares of the bank’s stock valued at $283,000 after buying an additional 1,244 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position 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 valued at $249,000 after buying an additional 3,642 shares in the last quarter. ClariVest Asset Management LLC boosted its position in Century Bancorp by 31.0% in the second quarter. ClariVest Asset Management LLC now owns 4,054 shares of the bank’s stock valued at $258,000 after buying an additional 960 shares in the last quarter. Finally, ZPR Investment Management boosted its position in Century Bancorp by 2.7% in the second quarter. ZPR Investment Management now owns 4,815 shares of the bank’s stock valued at $306,000 after buying an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 37.13% 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)

Receive News & Ratings for Century Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Bancorp Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.