Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 421 shares of Century Bancorp stock in a transaction on Monday, July 3rd. The shares were purchased at an average cost of $63.22 per share, with a total value of $26,615.62. Following the completion of the purchase, the insider now directly owns 567,588 shares in the company, valued at $35,882,913.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Century Bancorp, Inc. (NASDAQ:CNBKA) traded up 1.24% during mid-day trading on Friday, reaching $67.10. 4,252 shares of the company’s stock traded hands. Century Bancorp, Inc. has a 1-year low of $43.31 and a 1-year high of $68.05. The firm has a 50-day moving average price of $65.21 and a 200-day moving average price of $62.59. The stock has a market cap of $373.55 million, a P/E ratio of 13.72 and a beta of 0.69.
Century Bancorp (NASDAQ:CNBKA) last released 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 11.35% and a net margin of 22.46%. The firm had revenue of $26.40 million for the quarter. Equities research analysts anticipate that Century Bancorp, Inc. will post $2.31 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be issued a $0.12 dividend. The ex-dividend date is Friday, July 28th. This represents a $0.48 annualized dividend and a dividend yield of 0.72%. Century Bancorp’s payout ratio is currently 9.82%.
Several hedge funds have recently added to or reduced their stakes in CNBKA. First Manhattan Co. boosted its position in shares of Century Bancorp by 96.8% in the second quarter. First Manhattan Co. now owns 12,400 shares of the bank’s stock worth $788,000 after buying an additional 6,100 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Century Bancorp during the second quarter worth $209,000. Strs Ohio boosted its position in shares of Century Bancorp by 2.5% in the second quarter. Strs Ohio now owns 8,100 shares of the bank’s stock worth $515,000 after buying an additional 200 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Century Bancorp by 0.8% in the second quarter. Acadian Asset Management LLC now owns 15,136 shares of the bank’s stock worth $961,000 after buying an additional 115 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in Century Bancorp by 21.3% in the second quarter. Russell Investments Group Ltd. now owns 15,951 shares of the bank’s stock valued at $1,014,000 after buying an additional 2,800 shares during the last quarter. 36.66% of the stock is currently owned by hedge funds and other institutional investors.
Separately, ValuEngine raised shares of Century Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.
About Century Bancorp
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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