Century Bancorp, Inc. (NASDAQ:CNBKA) Major Shareholder Purchases $38,956.46 in Stock

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.

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

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