Insider Buying: Century Bancorp, Inc. (CNBKA) Major Shareholder Purchases $40,128.00 in Stock
Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 475 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was bought at an average price of $84.48 per share, for a total transaction of $40,128.00. Following the acquisition, the insider now directly owns 592,001 shares of the company’s stock, valued at $50,012,244.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Century Bancorp, Inc. (NASDAQ:CNBKA) traded up $0.60 during mid-day trading on Thursday, hitting $87.00. The stock had a trading volume of 11,000 shares, compared to its average volume of 7,493. Century Bancorp, Inc. has a 52 week low of $53.20 and a 52 week high of $89.40. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $480.99, a price-to-earnings ratio of 16.71 and a beta of 0.76.
Century Bancorp (NASDAQ:CNBKA) last posted its earnings results on Tuesday, October 10th. The bank reported $1.44 earnings per share for the quarter. The company had revenue of $25.30 million for the quarter. Century Bancorp had a return on equity of 11.47% and a net margin of 23.11%.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $0.48 dividend on an annualized basis and a yield of 0.55%. Century Bancorp’s dividend payout ratio (DPR) is currently 9.28%.
A number of institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. increased 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 worth $1,014,000 after buying an additional 2,800 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Century Bancorp by 0.8% in the second quarter. Acadian Asset Management LLC now owns 15,136 shares of the bank’s stock valued at $961,000 after purchasing an additional 115 shares in the last quarter. Strs Ohio grew its position in shares of Century Bancorp by 2.5% in the second quarter. Strs Ohio now owns 8,100 shares of the bank’s stock valued at $515,000 after purchasing an additional 200 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Century Bancorp in the second quarter valued at $209,000. Finally, First Manhattan Co. grew its position in shares of 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 purchasing an additional 6,100 shares in the last quarter. Institutional investors and hedge funds own 36.50% of the company’s stock.
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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