Century Bancorp, Inc. (CNBKA) Major Shareholder James J. Filler Acquires 3,471 Shares
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%.
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.
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