Century Bancorp, Inc. (CNBKA) Position Trimmed by Jacobs Asset Management LLC
Jacobs Asset Management LLC trimmed its position in shares of Century Bancorp, Inc. (NASDAQ:CNBKA) by 6.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 135,000 shares of the bank’s stock after selling 10,000 shares during the period. Century Bancorp accounts for approximately 2.1% of Jacobs Asset Management LLC’s investment portfolio, making the stock its 23rd biggest position. Jacobs Asset Management LLC owned approximately 2.42% of Century Bancorp worth $10,814,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in shares of Century Bancorp by 10.4% in the third quarter. Dimensional Fund Advisors LP now owns 133,337 shares of the bank’s stock valued at $10,680,000 after purchasing an additional 12,596 shares during the last quarter. Boston Partners increased its holdings in shares of Century Bancorp by 16.5% in the third quarter. Boston Partners now owns 75,714 shares of the bank’s stock valued at $6,065,000 after purchasing an additional 10,700 shares during the last quarter. State Street Corp increased its holdings in shares of Century Bancorp by 3.7% in the second quarter. State Street Corp now owns 57,755 shares of the bank’s stock valued at $3,667,000 after purchasing an additional 2,038 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Century Bancorp by 6.9% in the second quarter. Northern Trust Corp now owns 50,905 shares of the bank’s stock valued at $3,237,000 after purchasing an additional 3,269 shares during the last quarter. Finally, Heartland Advisors Inc. increased its holdings in shares of Century Bancorp by 77.2% in the second quarter. Heartland Advisors Inc. now owns 50,250 shares of the bank’s stock valued at $3,196,000 after purchasing an additional 21,886 shares during the last quarter. Institutional investors and hedge funds own 36.50% of the company’s stock.
Separately, ValuEngine downgraded shares of Century Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 1st.
In other Century Bancorp news, major shareholder James J. Filler bought 900 shares of Century Bancorp stock in a transaction dated Friday, September 8th. The stock was bought at an average price of $65.94 per share, with a total value of $59,346.00. Following the completion of the transaction, the insider now owns 578,631 shares in the company, valued at approximately $38,154,928.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder James J. Filler bought 793 shares of Century Bancorp stock in a transaction dated Friday, September 29th. The stock was acquired at an average cost of $77.42 per share, with a total value of $61,394.06. Following the transaction, the insider now owns 579,978 shares of the company’s stock, valued at approximately $44,901,896.76. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 22,139 shares of company stock worth $1,841,587. Corporate insiders own 36.91% of the company’s stock.
Century Bancorp, Inc. (CNBKA) opened at $84.65 on Thursday. Century Bancorp, Inc. has a fifty-two week low of $53.35 and a fifty-two week high of $89.40. The company has a market cap of $473.20, a price-to-earnings ratio of 16.44 and a beta of 0.74. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.61 and a quick ratio of 0.61.
Century Bancorp (NASDAQ:CNBKA) last released its quarterly earnings data 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 11.47%. The firm had revenue of $25.30 million for the quarter.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were issued a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $0.48 annualized dividend and a dividend yield of 0.57%. Century Bancorp’s dividend payout ratio is currently 9.28%.
Century Bancorp 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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