Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 589 shares of Century Bancorp stock in a transaction on Thursday, August 10th. The shares were acquired at an average price of $66.14 per share, for a total transaction of $38,956.46. Following the completion of the acquisition, the insider now owns 572,544 shares in the company, valued at $37,868,060.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of Century Bancorp, Inc. (CNBKA) traded down 4.01% during midday trading on Friday, hitting $63.50. 12,122 shares of the company’s stock were exchanged. Century Bancorp, Inc. has a 1-year low of $43.50 and a 1-year high of $68.69. The stock’s 50 day moving average is $65.60 and its 200-day moving average is $63.04. The stock has a market cap of $353.50 million, a PE ratio of 12.98 and a beta of 0.70.

Century Bancorp (NASDAQ:CNBKA) last released its quarterly earnings results on Tuesday, July 11th. The bank reported $1.47 EPS for the quarter. The business had revenue of $26.40 million during the quarter. Century Bancorp had a net margin of 22.46% and a return on equity of 11.18%. Analysts predict that Century Bancorp, Inc. will post $2.31 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Friday, July 28th. Century Bancorp’s payout ratio is currently 9.82%.

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Separately, ValuEngine raised shares of Century Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.

Large investors have recently bought and sold shares of the company. Northern Trust Corp increased its stake 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. Oppenheimer & Co. Inc. increased its stake in Century Bancorp by 4.2% in the second quarter. Oppenheimer & Co. Inc. now owns 9,850 shares of the bank’s stock valued at $626,000 after buying an additional 400 shares during the last quarter. Heartland Advisors Inc. increased its stake 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. Prudential Financial Inc. increased its stake in Century Bancorp by 1.4% in the second quarter. Prudential Financial Inc. now owns 7,420 shares of the bank’s stock valued at $472,000 after buying an additional 100 shares during the last quarter. Finally, ClariVest Asset Management LLC increased its stake in Century Bancorp by 31.0% in the second quarter. ClariVest Asset Management LLC now owns 4,054 shares of the bank’s stock valued at $258,000 after buying an additional 960 shares during the last quarter. 36.90% of the stock is owned by institutional investors and hedge funds.

Century Bancorp Company 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.

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

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