James J. Filler Purchases 511 Shares of Century Bancorp, Inc. (NASDAQ:CNBKA) Stock
Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 511 shares of the stock in a transaction dated Wednesday, July 29th. The shares were purchased at an average cost of $72.71 per share, for a total transaction of $37,154.81. Following the completion of the purchase, the insider now owns 829,333 shares in the company, valued at $60,300,802.43. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Century Bancorp stock opened at $69.64 on Friday. The firm has a market capitalization of $387.69 million, a PE ratio of 9.55 and a beta of 1.10. Century Bancorp, Inc. has a twelve month low of $51.40 and a twelve month high of $93.49. The firm’s 50-day moving average price is $74.00 and its 200 day moving average price is $73.59. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.02.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, July 31st. This is a positive change from Century Bancorp’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a yield of 0.80%.
CNBKA has been the topic of several recent analyst reports. TheStreet raised shares of Century Bancorp from a “c+” rating to a “b-” rating in a research note on Tuesday, June 16th. BidaskClub lowered shares of Century Bancorp from a “sell” rating to a “strong sell” rating in a research note on Saturday.
About Century Bancorp
Century Bancorp, Inc operates as a bank holding company for Century Bank and Trust Company that provides banking products and services. The company accepts savings accounts, NOW accounts, demand deposits, time deposits, and money market accounts, as well as cash management accounts. It offers single-family and multi-family residential loans, municipal loans, commercial and residential real estate loans, and various consumer loans, as well as provides loans for the construction of residential homes, multi-family properties, commercial real estate properties, and land development.
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