Century Bancorp Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 500 shares of the firm’s stock in a transaction on Thursday, October 13th. The stock was acquired at an average price of $45.18 per share, with a total value of $22,590.00. Following the completion of the purchase, the insider now owns 532,921 shares of the company’s stock, valued at approximately $24,077,370.78. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Shares of Century Bancorp Inc. (NASDAQ:CNBKA) opened at 45.00 on Wednesday. Century Bancorp Inc. has a 1-year low of $38.26 and a 1-year high of $45.95. The firm has a 50-day moving average price of $44.98 and a 200-day moving average price of $43.06. The stock has a market capitalization of $250.52 million, a PE ratio of 10.59 and a beta of 0.62.
Century Bancorp (NASDAQ:CNBKA) last posted its quarterly earnings data on Tuesday, October 11th. The company reported $3.24 earnings per share (EPS) for the quarter. Century Bancorp had a return on equity of 10.87% and a net margin of 21.53%. On average, equities research analysts forecast that Century Bancorp Inc. will post $2.31 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st will be issued a $0.12 dividend. The ex-dividend date is Friday, October 28th. This represents a $0.48 annualized dividend and a dividend yield of 1.07%. Century Bancorp’s dividend payout ratio is presently 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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