Century Bancorp, Inc. (CNBKA) Major Shareholder James J. Filler Purchases 400 Shares
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%.
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.
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.