Century Bancorp, Inc. (CNBKA) Position Lessened by Maltese Capital Management LLC

Maltese Capital Management LLC lowered its position in shares of Century Bancorp, Inc. (NASDAQ:CNBKA) by 40.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 160,000 shares of the bank’s stock after selling 109,940 shares during the quarter. Century Bancorp makes up approximately 1.1% of Maltese Capital Management LLC’s holdings, making the stock its 24th biggest holding. Maltese Capital Management LLC owned approximately 2.87% of Century Bancorp worth $12,816,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC acquired a new stake in Century Bancorp in the 2nd quarter valued at about $209,000. The Manufacturers Life Insurance Company increased its position in Century Bancorp by 1,300.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,922 shares of the bank’s stock valued at $249,000 after acquiring an additional 3,642 shares in the last quarter. ClariVest Asset Management LLC increased its position in Century Bancorp by 31.0% in the 2nd quarter. ClariVest Asset Management LLC now owns 4,054 shares of the bank’s stock valued at $258,000 after acquiring an additional 960 shares in the last quarter. Wells Fargo & Company MN increased its position in Century Bancorp by 54.2% in the 3rd quarter. Wells Fargo & Company MN now owns 3,540 shares of the bank’s stock valued at $283,000 after acquiring an additional 1,244 shares in the last quarter. Finally, ZPR Investment Management increased its position in Century Bancorp by 2.7% in the 2nd quarter. ZPR Investment Management now owns 4,815 shares of the bank’s stock valued at $306,000 after acquiring an additional 125 shares in the last quarter. Institutional investors and hedge funds own 36.50% of the company’s stock.

In other Century Bancorp news, major shareholder James J. Filler purchased 3,471 shares of the stock in a transaction dated Tuesday, November 14th. The stock was bought at an average price of $83.72 per share, for a total transaction of $290,592.12. Following the transaction, the insider now directly owns 587,955 shares in the company, valued at $49,223,592.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder James J. Filler purchased 793 shares of the stock in a transaction dated Friday, September 29th. The shares were acquired at an average price of $77.42 per share, with a total value of $61,394.06. Following the transaction, the insider now owns 579,978 shares in the company, valued at $44,901,896.76. The disclosure for this purchase can be found here. Insiders acquired a total of 22,139 shares of company stock valued at $1,841,587 in the last 90 days. Corporate insiders own 36.91% of the company’s stock.

Shares of Century Bancorp, Inc. (CNBKA) opened at $84.65 on Thursday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.61 and a quick ratio of 0.61. The firm has a market cap of $473.20, a PE ratio of 16.44 and a beta of 0.74. Century Bancorp, Inc. has a 1 year low of $53.35 and a 1 year high of $89.40.

Century Bancorp (NASDAQ:CNBKA) last posted its quarterly earnings data on Tuesday, October 10th. The bank reported $1.44 earnings per share for the quarter. The firm had revenue of $25.30 million during the quarter. Century Bancorp had a net margin of 23.11% and a return on equity of 11.47%.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.57%. The ex-dividend date was Tuesday, October 31st. Century Bancorp’s payout ratio is presently 9.28%.

Separately, ValuEngine cut shares of Century Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.

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Century Bancorp Profile

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.

Institutional Ownership by Quarter for Century Bancorp (NASDAQ:CNBKA)

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