James J. Filler Acquires 200 Shares of Century Bancorp, Inc. (CNBKA) Stock

Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler acquired 200 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was bought at an average price of $87.03 per share, with a total value of $17,406.00. Following the purchase, the insider now directly owns 689,237 shares of the company’s stock, valued at $59,984,296.11. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

NASDAQ CNBKA traded down $0.48 during trading hours on Friday, hitting $89.82. The company had a trading volume of 7,137 shares, compared to its average volume of 7,345. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.58 and a quick ratio of 0.58. Century Bancorp, Inc. has a 1-year low of $65.15 and a 1-year high of $95.70. The company has a market capitalization of $500.03 million, a PE ratio of 13.49 and a beta of 0.95.

Century Bancorp (NASDAQ:CNBKA) last announced its earnings results on Tuesday, April 9th. The bank reported $1.69 earnings per share for the quarter. Century Bancorp had a net margin of 23.53% and a return on equity of 12.92%. The business had revenue of $27.87 million during the quarter.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $0.48 annualized dividend and a dividend yield of 0.53%.

Separately, BidaskClub downgraded shares of Century Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, February 20th.

Several institutional investors and hedge funds have recently made changes to their positions in CNBKA. BNP Paribas Arbitrage SA boosted its stake in shares of Century Bancorp by 552.2% during the first quarter. BNP Paribas Arbitrage SA now owns 600 shares of the bank’s stock worth $44,000 after buying an additional 508 shares during the period. Metropolitan Life Insurance Co. NY acquired a new stake in Century Bancorp in the fourth quarter valued at about $72,000. MetLife Investment Advisors LLC acquired a new stake in Century Bancorp in the fourth quarter valued at about $99,000. SG Americas Securities LLC acquired a new stake in Century Bancorp in the first quarter valued at about $130,000. Finally, Rhumbline Advisers lifted its position in Century Bancorp by 43.5% in the fourth quarter. Rhumbline Advisers now owns 4,051 shares of the bank’s stock valued at $274,000 after purchasing an additional 1,228 shares during the period. Institutional investors and hedge funds own 34.49% of the company’s stock.

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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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