Century Bancorp, Inc. (CNBKA) Major Shareholder Acquires $17,406.00 in Stock

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Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler acquired 200 shares of the stock in a transaction dated Monday, April 15th. The stock was bought at an average cost of $87.03 per share, with a total value of $17,406.00. Following the completion of the purchase, the insider now owns 689,237 shares of the company’s stock, valued at $59,984,296.11. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of Century Bancorp stock traded down $0.48 on Friday, hitting $89.82. The company had a trading volume of 7,137 shares, compared to its average volume of 7,345. The company has a market cap of $500.03 million, a PE ratio of 13.49 and a beta of 0.95. Century Bancorp, Inc. has a 1 year low of $65.15 and a 1 year high of $95.70. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.95.

Century Bancorp (NASDAQ:CNBKA) last issued its quarterly earnings data on Tuesday, April 9th. The bank reported $1.69 EPS for the quarter. The firm had revenue of $27.87 million during the quarter. Century Bancorp had a return on equity of 12.92% and a net margin of 23.53%.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Tuesday, April 30th.

Separately, BidaskClub raised Century Bancorp from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 3rd.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Northern Trust Corp increased its position in shares of Century Bancorp by 0.5% during the first quarter. Northern Trust Corp now owns 48,836 shares of the bank’s stock valued at $3,565,000 after acquiring an additional 231 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Century Bancorp by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 175,564 shares of the bank’s stock valued at $12,816,000 after acquiring an additional 4,234 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Century Bancorp by 2.2% during the first quarter. Wells Fargo & Company MN now owns 13,072 shares of the bank’s stock valued at $954,000 after acquiring an additional 276 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Century Bancorp by 11.7% during the first quarter. Acadian Asset Management LLC now owns 5,290 shares of the bank’s stock valued at $386,000 after acquiring an additional 556 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in shares of Century Bancorp by 3.8% during the first quarter. Parametric Portfolio Associates LLC now owns 10,430 shares of the bank’s stock valued at $761,000 after acquiring an additional 380 shares during the last quarter. 34.49% of the stock is owned by institutional investors.

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Century Bancorp Company Profile

Century Bancorp, Inc operates as a bank holding company for Century Bank and Trust Company that provides banking products and services. The company accepts savings accounts, NOW accounts, demand deposits, time deposits, and money market accounts, as well as cash management accounts. It offers single-family and multi-family residential loans, municipal loans, commercial and residential real estate loans, and various consumer loans, as well as provides loans for the construction of residential homes, multi-family properties, commercial real estate properties, and land development.

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