Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler acquired 367 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was purchased at an average price of $66.75 per share, with a total value of $24,497.25. Following the transaction, the insider now owns 577,921 shares in the company, valued at $38,576,226.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Century Bancorp, Inc. (CNBKA) traded up 0.07% during trading on Thursday, reaching $66.95. The company’s stock had a trading volume of 107 shares. The stock’s 50-day moving average is $66.22 and its 200 day moving average is $63.43. Century Bancorp, Inc. has a 12 month low of $43.65 and a 12 month high of $68.69. The company has a market cap of $372.71 million, a P/E ratio of 13.69 and a beta of 0.70.

Century Bancorp (NASDAQ:CNBKA) last issued its quarterly earnings results on Tuesday, July 11th. The bank reported $1.47 earnings per share (EPS) for the quarter. The company had revenue of $26.40 million during the quarter. Century Bancorp had a net margin of 22.46% and a return on equity of 11.18%. On average, equities analysts forecast that Century Bancorp, Inc. will post $2.31 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st were paid a $0.12 dividend. The ex-dividend date was Friday, July 28th. This represents a $0.48 annualized dividend and a dividend yield of 0.72%. Century Bancorp’s payout ratio is 9.82%.

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Separately, ValuEngine upgraded Century Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC acquired a new position in shares of Century Bancorp during the second quarter valued at about $209,000. The Manufacturers Life Insurance Company raised its position in shares of Century Bancorp by 1,300.7% in the second quarter. The Manufacturers Life Insurance Company now owns 3,922 shares of the bank’s stock valued at $249,000 after buying an additional 3,642 shares during the last quarter. ClariVest Asset Management LLC raised its position in shares of Century Bancorp by 31.0% in the second quarter. ClariVest Asset Management LLC now owns 4,054 shares of the bank’s stock valued at $258,000 after buying an additional 960 shares during the last quarter. ZPR Investment Management raised its position in shares of Century Bancorp by 2.7% in the second quarter. ZPR Investment Management now owns 4,815 shares of the bank’s stock valued at $306,000 after buying an additional 125 shares during the last quarter. Finally, 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 valued at $419,000 after buying an additional 1,400 shares during the last quarter. Institutional investors own 36.54% of the company’s stock.

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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