Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 900 shares of the stock in a transaction dated Monday, October 30th. The shares were acquired at an average price of $85.27 per share, with a total value of $76,743.00. Following the completion of the purchase, the insider now directly owns 585,467 shares of the company’s stock, valued at $49,922,771.09. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Century Bancorp, Inc. (NASDAQ:CNBKA) opened at $85.10 on Monday. The company has a market capitalization of $473.75, a P/E ratio of 16.46 and a beta of 0.76. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.93.
Century Bancorp (NASDAQ:CNBKA) last posted its quarterly earnings results on Tuesday, October 10th. The bank reported $1.44 EPS for the quarter. The business had revenue of $25.30 million during the quarter. Century Bancorp had a return on equity of 11.65% and a net margin of 23.11%.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be paid a $0.12 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $0.48 dividend on an annualized basis and a yield of 0.56%. Century Bancorp’s dividend payout ratio (DPR) is 9.28%.
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A number of large investors have recently bought and sold shares of CNBKA. Heartland Advisors Inc. grew its stake in Century Bancorp by 77.2% in the second quarter. Heartland Advisors Inc. now owns 50,250 shares of the bank’s stock worth $3,196,000 after purchasing an additional 21,886 shares in the last quarter. Boston Partners grew its stake in Century Bancorp by 16.5% in the third quarter. Boston Partners now owns 75,714 shares of the bank’s stock worth $6,065,000 after purchasing an additional 10,700 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Century Bancorp by 8.9% in the second quarter. Dimensional Fund Advisors LP now owns 120,741 shares of the bank’s stock worth $7,679,000 after purchasing an additional 9,859 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. acquired a new position in Century Bancorp in the third quarter worth about $649,000. Finally, First Quadrant L P CA grew its stake in Century Bancorp by 153.1% in the third quarter. First Quadrant L P CA now owns 11,514 shares of the bank’s stock worth $922,000 after purchasing an additional 6,965 shares in the last quarter. Institutional investors and hedge funds own 36.85% of the company’s stock.
About Century Bancorp
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.
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