James J. Filler Acquires 1,312 Shares of Century Bancorp, Inc. (CNBKA) Stock
Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler acquired 1,312 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were purchased at an average cost of $65.78 per share, for a total transaction of $86,303.36. Following the completion of the transaction, the insider now owns 576,910 shares in the company, valued at approximately $37,949,139.80. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Century Bancorp, Inc. (CNBKA) traded down 0.45% during mid-day trading on Tuesday, reaching $66.50. The company’s stock had a trading volume of 20,613 shares. Century Bancorp, Inc. has a one year low of $43.65 and a one year high of $68.69. The stock has a market cap of $370.21 million, a P/E ratio of 13.59 and a beta of 0.70. The firm’s 50 day moving average is $65.88 and its 200-day moving average is $63.28.
Century Bancorp (NASDAQ:CNBKA) last posted its quarterly earnings data on Tuesday, July 11th. The bank reported $1.47 earnings per share for the quarter. Century Bancorp had a net margin of 22.46% and a return on equity of 11.18%. The company had revenue of $26.40 million for the quarter. Equities analysts expect that Century Bancorp, Inc. will post $2.31 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st were given 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 was Friday, July 28th. Century Bancorp’s dividend payout ratio (DPR) is currently 9.82%.
Separately, ValuEngine raised Century Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.
Institutional investors have recently modified their holdings of the company. Cornerstone Capital Management Holdings LLC. raised its position in shares of Century Bancorp by 27.0% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 6,593 shares of the bank’s stock worth $419,000 after buying an additional 1,400 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Century Bancorp by 8.9% in the second quarter. Dimensional Fund Advisors LP now owns 120,741 shares of the bank’s stock worth $7,679,000 after buying an additional 9,859 shares during the period. Northern Trust Corp raised its position in shares of Century Bancorp by 6.9% in the second quarter. Northern Trust Corp now owns 50,905 shares of the bank’s stock worth $3,237,000 after buying an additional 3,269 shares during the period. Oppenheimer & Co. Inc. raised its position in shares of Century Bancorp by 4.2% in the second quarter. Oppenheimer & Co. Inc. now owns 9,850 shares of the bank’s stock worth $626,000 after buying an additional 400 shares during the period. Finally, Heartland Advisors Inc. raised its position in shares of Century Bancorp by 77.2% in the second quarter. Heartland Advisors Inc. now owns 50,250 shares of the bank’s stock worth $3,196,000 after buying an additional 21,886 shares during the period. 36.72% of the stock is currently 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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