Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 1,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were bought at an average price of $75.61 per share, for a total transaction of $75,610.00. Following the completion of the transaction, the insider now directly owns 682,699 shares in the company, valued at approximately $51,618,871.39. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
NASDAQ CNBKA opened at $74.94 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.60 and a current ratio of 0.60. Century Bancorp, Inc. has a 12 month low of $65.15 and a 12 month high of $84.49. The company has a market capitalization of $417.19 million, a P/E ratio of 11.89 and a beta of 0.86.
Century Bancorp (NASDAQ:CNBKA) last released its earnings results on Tuesday, January 15th. The bank reported $1.78 EPS for the quarter. Century Bancorp had a net margin of 23.62% and a return on equity of 13.05%. The business had revenue of $27.87 million for the quarter.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 15th. Investors of record on Friday, February 1st were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, January 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.64%.
A number of analysts recently commented on the stock. BidaskClub downgraded shares of Century Bancorp from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 4th. ValuEngine upgraded shares of Century Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, November 20th.
Institutional investors have recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co. NY purchased a new position in shares of Century Bancorp in the fourth quarter worth approximately $72,000. MetLife Investment Advisors LLC purchased a new position in shares of Century Bancorp in the fourth quarter worth approximately $99,000. Rhumbline Advisers increased its position in shares of Century Bancorp by 43.5% in the fourth quarter. Rhumbline Advisers now owns 4,051 shares of the bank’s stock worth $274,000 after acquiring an additional 1,228 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Century Bancorp by 42.0% in the third quarter. Janney Montgomery Scott LLC now owns 5,446 shares of the bank’s stock worth $393,000 after acquiring an additional 1,611 shares in the last quarter. Finally, Delphi Management Inc. MA increased its position in shares of Century Bancorp by 20.5% in the fourth quarter. Delphi Management Inc. MA now owns 10,810 shares of the bank’s stock worth $732,000 after acquiring an additional 1,840 shares in the last quarter. 34.95% of the stock is currently owned by institutional investors and hedge funds.
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.
Featured Story: Trading Ex-Dividend
Receive News & Ratings for Century Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.