Insider Buying: Century Bancorp, Inc. (CNBKA) Major Shareholder Buys $76,743.00 in Stock

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.

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

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