Century Bancorp, Inc. (CNBKA) Major Shareholder James J. Filler Buys 258 Shares

Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 258 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was bought at an average price of $85.10 per share, for a total transaction of $21,955.80. Following the completion of the purchase, the insider now owns 595,219 shares of the company’s stock, valued at $50,653,136.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Century Bancorp, Inc. (NASDAQ:CNBKA) traded down $1.10 on Friday, reaching $83.70. 3,617 shares of the company’s stock were exchanged, compared to its average volume of 6,464. The stock has a market capitalization of $381.78, a PE ratio of 16.40 and a beta of 0.74. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.50. Century Bancorp, Inc. has a 52-week low of $53.35 and a 52-week high of $89.40.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Tuesday, October 31st. Century Bancorp’s payout ratio is currently 12.57%.

Separately, ValuEngine cut shares of Century Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.

Several hedge funds have recently made changes to their positions in CNBKA. Heartland Advisors Inc. lifted its stake in shares of Century Bancorp by 77.2% during the 2nd quarter. Heartland Advisors Inc. now owns 50,250 shares of the bank’s stock valued at $3,196,000 after buying an additional 21,886 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Century Bancorp by 10.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 133,337 shares of the bank’s stock valued at $10,680,000 after buying an additional 12,596 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Century Bancorp by 68.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 26,897 shares of the bank’s stock valued at $2,154,000 after buying an additional 10,946 shares in the last quarter. Boston Partners lifted its stake in shares of Century Bancorp by 16.5% during the 3rd quarter. Boston Partners now owns 75,714 shares of the bank’s stock valued at $6,065,000 after buying an additional 10,700 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. purchased a new stake in shares of Century Bancorp during the 3rd quarter valued at approximately $649,000. Institutional investors own 36.50% of the company’s stock.

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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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