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.

Insider Buying and Selling by Quarter for Century Bancorp (NASDAQ:CNBKA)

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