Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 400 shares of the firm’s stock in a transaction on Thursday, October 12th. The shares were acquired at an average cost of $86.71 per share, with a total value of $34,684.00. Following the completion of the acquisition, the insider now directly owns 582,156 shares in the company, valued at $50,478,746.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of Century Bancorp, Inc. (NASDAQ CNBKA) traded up 0.23% during mid-day trading on Friday, reaching $85.60. The company’s stock had a trading volume of 21,245 shares. Century Bancorp, Inc. has a 52 week low of $44.55 and a 52 week high of $89.30. The firm has a 50-day moving average of $73.40 and a 200-day moving average of $66.10. The firm has a market capitalization of $476.54 million, a PE ratio of 17.50 and a beta of 0.73.

Century Bancorp (NASDAQ:CNBKA) last issued its quarterly earnings results on Tuesday, October 10th. The bank reported $1.44 EPS for the quarter. Century Bancorp had a net margin of 23.11% and a return on equity of 11.65%. The business had revenue of $25.30 million for the quarter. Equities research analysts forecast that Century Bancorp, Inc. will post $2.31 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be given 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 payout ratio is 9.28%.

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Several hedge funds have recently modified their holdings of CNBKA. Janney Montgomery Scott LLC bought a new position in shares of Century Bancorp during the second quarter worth about $209,000. The Manufacturers Life Insurance Company lifted its position in shares of Century Bancorp by 1,300.7% during 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 during the last quarter. ClariVest Asset Management LLC lifted its position in shares of Century Bancorp by 31.0% during 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 during the last quarter. ZPR Investment Management lifted its position in shares of Century Bancorp by 2.7% during 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 during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. lifted its position in shares of Century Bancorp by 27.0% during 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 during the last quarter. 36.54% of the stock is currently 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.

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

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