Century Bancorp, Inc. (NASDAQ:CNBKA) Major Shareholder Purchases $26,615.62 in Stock

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%.

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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.

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

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