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%.

A number of institutional investors have recently modified their holdings of CNBKA. BNP Paribas Arbitrage SA lifted its stake in Century Bancorp by 36.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 876 shares of the bank’s stock worth $55,000 after purchasing an additional 233 shares in the last quarter. Capital Bank & Trust Co purchased a new position in Century Bancorp in the 1st quarter worth approximately $64,000. Citigroup Inc. lifted its stake in Century Bancorp by 58.2% in the 1st quarter. Citigroup Inc. now owns 1,413 shares of the bank’s stock worth $88,000 after purchasing an additional 520 shares in the last quarter. SG Americas Securities LLC purchased a new position in Century Bancorp in the 2nd quarter worth approximately $117,000. Finally, Marshall Wace LLP lifted its stake in Century Bancorp by 31.9% in the 4th quarter. Marshall Wace LLP now owns 2,042 shares of the bank’s stock worth $184,000 after purchasing an additional 494 shares in the last quarter. 33.12% of the stock is currently owned by hedge funds and other institutional investors.

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

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