Century Bancorp, Inc. (CNBKA) Major Shareholder James J. Filler Acquires 900 Shares of Stock
Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 900 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were purchased at an average cost of $85.27 per share, with a total value of $76,743.00. Following the completion of the purchase, the insider now owns 585,467 shares of the company’s stock, valued at approximately $49,922,771.09. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Century Bancorp, Inc. (CNBKA) traded up $1.05 during trading on Friday, reaching $85.10. The company had a trading volume of 6,140 shares, compared to its average volume of 10,645. The company has a market capitalization of $477.37 million, a P/E ratio of 16.59 and a beta of 0.76. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.93.
Century Bancorp (NASDAQ:CNBKA) last posted its quarterly earnings data on Tuesday, October 10th. The bank reported $1.44 earnings per share (EPS) for the quarter. The business 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Tuesday, October 31st. Century Bancorp’s payout ratio is 9.28%.
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Large investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC bought a new stake in shares of Century Bancorp in the 2nd quarter valued at approximately $209,000. The Manufacturers Life Insurance Company lifted its stake in shares of Century Bancorp by 1,300.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,922 shares of the bank’s stock valued at $249,000 after purchasing an additional 3,642 shares during the last quarter. ClariVest Asset Management LLC lifted its stake in shares of Century Bancorp by 31.0% in the 2nd quarter. ClariVest Asset Management LLC now owns 4,054 shares of the bank’s stock valued at $258,000 after purchasing an additional 960 shares during the last quarter. ZPR Investment Management lifted its stake in shares of Century Bancorp by 2.7% in the 2nd quarter. ZPR Investment Management now owns 4,815 shares of the bank’s stock valued at $306,000 after purchasing an additional 125 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. lifted its stake in shares of Century Bancorp by 27.0% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 6,593 shares of the bank’s stock valued at $419,000 after purchasing an additional 1,400 shares during the last quarter. 36.58% of the stock is owned by institutional investors and hedge funds.
About Century Bancorp
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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