Parametric Portfolio Associates LLC reduced its holdings in Century Bancorp, Inc. (NASDAQ:CNBKA) by 0.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,766 shares of the bank’s stock after selling 3 shares during the quarter. Parametric Portfolio Associates LLC owned 0.18% of Century Bancorp worth $621,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CNBKA. Heartland Advisors Inc. raised its holdings in shares of Century Bancorp by 77.2% during the second quarter. Heartland Advisors Inc. now owns 50,250 shares of the bank’s stock valued at $3,196,000 after acquiring an additional 21,886 shares during the period. ClariVest Asset Management LLC raised its holdings in shares of Century Bancorp by 31.0% during the second quarter. ClariVest Asset Management LLC now owns 4,054 shares of the bank’s stock valued at $258,000 after acquiring an additional 960 shares during the period. Prudential Financial Inc. raised its holdings in shares of Century Bancorp by 1.4% during the second quarter. Prudential Financial Inc. now owns 7,420 shares of the bank’s stock valued at $472,000 after acquiring an additional 100 shares during the period. Oppenheimer & Co. Inc. raised its holdings in shares of Century Bancorp by 4.2% during the second quarter. Oppenheimer & Co. Inc. now owns 9,850 shares of the bank’s stock valued at $626,000 after acquiring an additional 400 shares during the period. Finally, Boston Partners raised its holdings in shares of Century Bancorp by 4.3% during the second quarter. Boston Partners now owns 65,014 shares of the bank’s stock valued at $4,135,000 after acquiring an additional 2,700 shares during the period. Institutional investors and hedge funds own 37.79% of the company’s stock.

In other Century Bancorp news, major shareholder James J. Filler bought 932 shares of the firm’s stock in a transaction on Wednesday, October 11th. The stock was bought at an average cost of $86.96 per share, with a total value of $81,046.72. Following the completion of the transaction, the insider now directly owns 582,156 shares of the company’s stock, valued at approximately $50,624,285.76. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder James J. Filler bought 900 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was acquired at an average cost of $65.94 per share, with a total value of $59,346.00. Following the completion of the transaction, the insider now directly owns 578,631 shares of the company’s stock, valued at $38,154,928.14. The disclosure for this purchase can be found here. Insiders have purchased 18,929 shares of company stock worth $1,544,778 over the last ninety days. 36.91% of the stock is currently owned by insiders.

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Shares of Century Bancorp, Inc. (NASDAQ:CNBKA) opened at $85.30 on Thursday. Century Bancorp, Inc. has a 1-year low of $52.64 and a 1-year high of $89.30. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.50. The stock has a market cap of $472.64, a P/E ratio of 16.42 and a beta of 0.76.

Century Bancorp (NASDAQ:CNBKA) last released its quarterly earnings results on Tuesday, October 10th. The bank reported $1.44 earnings per share (EPS) for the quarter. Century Bancorp had a net margin of 23.11% and a return on equity of 11.47%. The business had revenue of $25.30 million for the quarter.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date was Tuesday, October 31st. Century Bancorp’s payout ratio is presently 9.28%.

Century Bancorp 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.

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Institutional Ownership by Quarter for Century Bancorp (NASDAQ:CNBKA)

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