Insider Buying: Century Bancorp, Inc. (NASDAQ:CNBKA) Major Shareholder Buys $19,137.58 in Stock
Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler acquired 301 shares of the firm’s stock in a transaction dated Monday, July 10th. The shares were acquired at an average price of $63.58 per share, for a total transaction of $19,137.58. Following the acquisition, the insider now directly owns 568,643 shares of the company’s stock, valued at $36,154,321.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Century Bancorp, Inc. (CNBKA) remained flat at $66.95 on Monday. The company’s stock had a trading volume of 2,630 shares. The firm’s 50-day moving average price is $62.34 and its 200 day moving average price is $61.94. Century Bancorp, Inc. has a 52-week low of $43.31 and a 52-week high of $68.05. The firm has a market cap of $372.71 million, a P/E ratio of 13.69 and a beta of 0.69.
Century Bancorp (NASDAQ:CNBKA) last posted its quarterly earnings results on Tuesday, July 11th. The bank reported $1.47 EPS for the quarter. Century Bancorp had a net margin of 22.46% and a return on equity of 11.35%. The business had revenue of $26.40 million for the quarter. Analysts predict that Century Bancorp, Inc. will post $2.31 earnings per share for the current year.
The firm 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 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Friday, July 28th. Century Bancorp’s dividend payout ratio is presently 9.82%.
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Separately, ValuEngine raised Century Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.
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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