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.

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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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