Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 589 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were acquired at an average cost of $66.14 per share, with a total value of $38,956.46. Following the purchase, the insider now directly owns 572,544 shares of the company’s stock, valued at $37,868,060.16. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Century Bancorp, Inc. (CNBKA) opened at 63.50 on Monday. The firm has a 50-day moving average price of $65.60 and a 200-day moving average price of $63.04. The firm has a market cap of $353.50 million, a PE ratio of 12.98 and a beta of 0.70. Century Bancorp, Inc. has a 52 week low of $43.50 and a 52 week high of $68.69.
Century Bancorp (NASDAQ:CNBKA) last posted its quarterly earnings results on Tuesday, July 11th. The bank reported $1.47 earnings per share for the quarter. Century Bancorp had a return on equity of 11.18% and a net margin of 22.46%. The company had revenue of $26.40 million for the quarter. On average, equities research analysts predict that Century Bancorp, Inc. will post $2.31 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, July 28th. This represents a $0.48 annualized dividend and a yield of 0.76%. Century Bancorp’s dividend payout ratio is 9.82%.
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A number of hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC acquired a new stake in shares of Century Bancorp during the second quarter valued at approximately $209,000. ClariVest Asset Management LLC increased its stake 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 in the last quarter. Prudential Financial Inc. increased its stake in shares of Century Bancorp by 1.4% in the second quarter. Prudential Financial Inc. now owns 7,420 shares of the bank’s stock valued at $472,000 after buying an additional 100 shares in the last quarter. Strs Ohio increased its stake in shares of Century Bancorp by 2.5% in the second quarter. Strs Ohio now owns 8,100 shares of the bank’s stock valued at $515,000 after buying an additional 200 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its stake in shares of Century Bancorp by 4.2% in the second quarter. Oppenheimer & Co. Inc. now owns 9,850 shares of the bank’s stock valued at $626,000 after buying an additional 400 shares in the last quarter. Institutional investors and hedge funds own 36.72% of the company’s stock.
Separately, ValuEngine raised Century Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.
Century Bancorp Company 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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