Insider Buying: Century Bancorp, Inc. (CNBKA) Major Shareholder Purchases 200 Shares of Stock

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Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 200 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was bought at an average price of $89.87 per share, with a total value of $17,974.00. Following the acquisition, the insider now directly owns 689,237 shares in the company, valued at approximately $61,941,729.19. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Century Bancorp stock opened at $89.82 on Monday. Century Bancorp, Inc. has a fifty-two week low of $65.15 and a fifty-two week high of $95.70. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market capitalization of $500.03 million, a P/E ratio of 13.19 and a beta of 0.95.

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

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

Several hedge funds have recently modified their holdings of CNBKA. Dimensional Fund Advisors LP lifted its position in Century Bancorp by 2.5% in 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. BlackRock Inc. lifted its position in Century Bancorp by 2.3% in the fourth quarter. BlackRock Inc. now owns 153,524 shares of the bank’s stock valued at $10,397,000 after acquiring an additional 3,489 shares during the last quarter. Clean Yield Group lifted its position in Century Bancorp by 1.2% in the first quarter. Clean Yield Group now owns 113,193 shares of the bank’s stock valued at $8,263,000 after acquiring an additional 1,319 shares during the last quarter. Northern Trust Corp lifted its position in Century Bancorp by 0.5% in 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. Finally, Bank of America Corp DE lifted its position in Century Bancorp by 4.1% in the fourth quarter. Bank of America Corp DE now owns 29,739 shares of the bank’s stock valued at $2,014,000 after acquiring an additional 1,175 shares during the last quarter. Hedge funds and other institutional investors own 34.03% of the company’s stock.

Separately, BidaskClub upgraded shares of Century Bancorp from a “buy” rating to a “strong-buy” rating in a report on Friday, May 3rd.

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About Century Bancorp

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

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