Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 400 shares of the business’s stock in a transaction on Monday, March 11th. The shares were acquired at an average cost of $77.30 per share, for a total transaction of $30,920.00. Following the purchase, the insider now directly owns 682,699 shares in the company, valued at $52,772,632.70. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of CNBKA traded down $1.75 during midday trading on Friday, reaching $74.94. The stock had a trading volume of 20,341 shares, compared to its average volume of 5,390. Century Bancorp, Inc. has a 52 week low of $65.15 and a 52 week high of $84.49. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market capitalization of $417.19 million, a PE ratio of 11.89 and a beta of 0.86.
Century Bancorp (NASDAQ:CNBKA) last posted its quarterly earnings data on Tuesday, January 15th. The bank reported $1.78 EPS for the quarter. Century Bancorp had a return on equity of 13.05% and a net margin of 23.62%. The company had revenue of $27.87 million for the quarter.
The business 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. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend was Thursday, January 31st.
CNBKA has been the topic of several recent analyst reports. ValuEngine raised Century Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, November 20th. BidaskClub raised Century Bancorp from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 23rd.
Several hedge funds and other institutional investors have recently modified their holdings of CNBKA. Metropolitan Life Insurance Co. NY acquired a new position in shares of Century Bancorp in the 4th quarter worth $72,000. MetLife Investment Advisors LLC acquired a new position in shares of Century Bancorp in the 4th quarter worth $99,000. Rhumbline Advisers grew its holdings in shares of Century Bancorp by 43.5% in the 4th quarter. Rhumbline Advisers now owns 4,051 shares of the bank’s stock worth $274,000 after acquiring an additional 1,228 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Century Bancorp by 42.0% in the 3rd 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 during the last quarter. Finally, Delphi Management Inc. MA grew its holdings in shares of Century Bancorp by 20.5% in the 4th 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 during the last quarter. Institutional investors and hedge funds own 34.95% of the company’s stock.
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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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