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%.

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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.

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

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