James J. Filler Purchases 367 Shares of Century Bancorp, Inc. (CNBKA) Stock
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.
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