Century Bancorp, Inc. (NASDAQ:CNBKA) Major Shareholder James J. Filler Acquires 589 Shares
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.
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