Century Bancorp, Inc. (NASDAQ:CNBKA) Major Shareholder Buys $45,186.00 in Stock
Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 680 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was acquired at an average cost of $66.45 per share, with a total value of $45,186.00. Following the completion of the acquisition, the insider now directly owns 572,544 shares of the company’s stock, valued at $38,045,548.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Century Bancorp, Inc. (NASDAQ:CNBKA) traded down 4.01% during trading on Friday, reaching $63.50. The company had a trading volume of 12,122 shares. The company has a market capitalization of $353.50 million, a P/E ratio of 12.98 and a beta of 0.70. Century Bancorp, Inc. has a 52-week low of $43.50 and a 52-week high of $68.69. The firm has a 50-day moving average price of $65.60 and a 200-day moving average price of $63.04.
Century Bancorp (NASDAQ:CNBKA) last posted its quarterly earnings results on Tuesday, July 11th. The bank reported $1.47 earnings per share for the quarter. The firm had revenue of $26.40 million for the quarter. Century Bancorp had a return on equity of 11.18% and a net margin of 22.46%. On average, analysts predict that Century Bancorp, Inc. will post $2.31 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.76%. The ex-dividend date is Friday, July 28th. Century Bancorp’s payout ratio is 9.82%.
Separately, ValuEngine raised Century Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.
A number of hedge funds and other institutional investors have recently bought and sold shares of CNBKA. Heartland Advisors Inc. raised its position in 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 buying an additional 21,886 shares during the last quarter. First Manhattan Co. raised its position in Century Bancorp by 96.8% in the second quarter. First Manhattan Co. now owns 12,400 shares of the bank’s stock valued at $788,000 after buying an additional 6,100 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Century Bancorp during the second quarter valued at $209,000. Northern Trust Corp raised its position in 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 buying an additional 3,269 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in Century Bancorp by 21.3% in the second quarter. Russell Investments Group Ltd. now owns 15,951 shares of the bank’s stock valued at $1,014,000 after buying an additional 2,800 shares during the last quarter. 36.90% of the stock is currently owned by hedge funds and other institutional investors.
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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