Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 156 shares of Century Bancorp stock in a transaction dated Monday, July 27th. The shares were bought at an average price of $73.92 per share, with a total value of $11,531.52. Following the completion of the acquisition, the insider now directly owns 829,333 shares of the company’s stock, valued at $61,304,295.36. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

NASDAQ CNBKA opened at $71.64 on Friday. Century Bancorp, Inc. has a one year low of $51.40 and a one year high of $93.49. The stock has a 50-day moving average of $74.18 and a 200 day moving average of $73.69. The company has a market capitalization of $403.11 million, a price-to-earnings ratio of 9.93 and a beta of 1.10. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.58 and a current ratio of 0.58.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.78%. This is an increase from Century Bancorp’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, July 31st.

CNBKA has been the subject of several analyst reports. TheStreet upgraded Century Bancorp from a “c+” rating to a “b-” rating in a report on Tuesday, June 16th. BidaskClub downgraded Century Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, June 13th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CNBKA. BNP Paribas Arbitrage SA increased its holdings in Century Bancorp by 36.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 876 shares of the bank’s stock worth $55,000 after buying an additional 233 shares in the last quarter. Capital Bank & Trust Co bought a new stake in Century Bancorp in the 1st quarter worth about $64,000. Citigroup Inc. increased its holdings in Century Bancorp by 58.2% in the 1st quarter. Citigroup Inc. now owns 1,413 shares of the bank’s stock worth $88,000 after buying an additional 520 shares in the last quarter. SG Americas Securities LLC bought a new stake in Century Bancorp in the 2nd quarter worth about $117,000. Finally, Marshall Wace LLP boosted its position in Century Bancorp by 31.9% in the fourth quarter. Marshall Wace LLP now owns 2,042 shares of the bank’s stock worth $184,000 after purchasing an additional 494 shares during the last quarter. Institutional investors own 33.12% of the company’s stock.

Century Bancorp Company Profile

Century Bancorp, Inc operates as a bank holding company for Century Bank and Trust Company that provides banking products and services. The company accepts savings accounts, NOW accounts, demand deposits, time deposits, and money market accounts, as well as cash management accounts. It offers single-family and multi-family residential loans, municipal loans, commercial and residential real estate loans, and various consumer loans, as well as provides loans for the construction of residential homes, multi-family properties, commercial real estate properties, and land development.

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

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