Century Bancorp Inc. (NASDAQ:CNBKA) major shareholder James J. Filler acquired 3,800 shares of the firm’s stock in a transaction that occurred on Monday, October 17th. The stock was purchased at an average cost of $45.09 per share, with a total value of $171,342.00. Following the purchase, the insider now directly owns 537,021 shares in the company, valued at approximately $24,214,276.89. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Century Bancorp Inc. (NASDAQ:CNBKA) traded down 0.46% during midday trading on Monday, hitting $45.10. 10,209 shares of the company’s stock were exchanged. The company has a 50-day moving average of $44.92 and a 200-day moving average of $42.92. Century Bancorp Inc. has a 52 week low of $38.26 and a 52 week high of $45.95. The firm has a market cap of $251.07 million, a price-to-earnings ratio of 10.61 and a beta of 0.62.
Century Bancorp (NASDAQ:CNBKA) last announced its earnings results on Tuesday, October 11th. The company reported $3.24 earnings per share (EPS) for the quarter. Century Bancorp had a net margin of 21.53% and a return on equity of 10.87%. Equities research analysts expect that Century Bancorp Inc. will post $2.31 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st will be given a dividend of $0.12 per share. The ex-dividend date is Friday, October 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.06%. Century Bancorp’s payout ratio is 11.16%.
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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