James J. Filler Buys 1,358 Shares of Century Bancorp, Inc. (CNBKA) Stock
Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 1,358 shares of the business’s stock in a transaction on Friday, December 8th. The stock was purchased at an average price of $84.54 per share, for a total transaction of $114,805.32. Following the purchase, the insider now directly owns 595,219 shares in the company, valued at approximately $50,319,814.26. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Century Bancorp, Inc. (CNBKA) traded down $1.10 during midday trading on Friday, reaching $83.70. The company’s stock had a trading volume of 3,617 shares, compared to its average volume of 5,587. The company has a market cap of $465.96, a PE ratio of 16.19 and a beta of 0.74. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.61 and a quick ratio of 0.61. Century Bancorp, Inc. has a 12-month low of $53.35 and a 12-month high of $89.40.
Century Bancorp (NASDAQ:CNBKA) last released its earnings results on Tuesday, October 10th. The bank reported $1.44 EPS for the quarter. The firm 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 business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend was Tuesday, October 31st. Century Bancorp’s dividend payout ratio (DPR) is 9.28%.
Separately, ValuEngine cut Century Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.
Several large investors have recently bought and sold shares of CNBKA. Heartland Advisors Inc. increased its holdings in shares of Century Bancorp by 77.2% during the 2nd quarter. Heartland Advisors Inc. now owns 50,250 shares of the bank’s stock worth $3,196,000 after acquiring an additional 21,886 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Century Bancorp by 10.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 133,337 shares of the bank’s stock worth $10,680,000 after acquiring an additional 12,596 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Century Bancorp by 68.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 26,897 shares of the bank’s stock worth $2,154,000 after acquiring an additional 10,946 shares during the last quarter. Boston Partners increased its holdings in shares of Century Bancorp by 16.5% during the 3rd quarter. Boston Partners now owns 75,714 shares of the bank’s stock worth $6,065,000 after acquiring an additional 10,700 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. acquired a new position in shares of Century Bancorp during the 3rd quarter worth approximately $649,000. 36.50% of the stock is currently owned by hedge funds and other institutional investors.
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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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