Century Bancorp, Inc. Declares Quarterly Dividend of $0.12 (CNBKA)

Century Bancorp, Inc. (NASDAQ:CNBKA) announced a quarterly dividend on Wednesday, January 17th, Wall Street Journal reports. Investors of record on Thursday, February 1st will be given a dividend of 0.12 per share by the bank on Thursday, February 15th. This represents a $0.48 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Wednesday, January 31st.

Century Bancorp (CNBKA) traded down $0.55 during trading on Wednesday, reaching $80.15. 4,400 shares of the company were exchanged, compared to its average volume of 5,400. The stock has a market capitalization of $373.49, a P/E ratio of 20.98 and a beta of 0.75. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.50. Century Bancorp has a 52 week low of $53.35 and a 52 week high of $89.40.

CNBKA has been the topic of a number of recent research reports. BidaskClub downgraded shares of Century Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 30th. ValuEngine downgraded shares of Century Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.

In other news, major shareholder James J. Filler bought 300 shares of Century Bancorp stock in a transaction dated Wednesday, October 25th. The shares were acquired at an average price of $85.07 per share, with a total value of $25,521.00. Following the completion of the purchase, the insider now owns 584,467 shares in the company, valued at approximately $49,720,607.69. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder James J. Filler bought 711 shares of Century Bancorp stock in a transaction dated Friday, December 28th. The stock was purchased at an average cost of $78.80 per share, for a total transaction of $56,026.80. Following the purchase, the insider now owns 600,458 shares of the company’s stock, valued at approximately $47,316,090.40. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 26,865 shares of company stock worth $2,225,467. 36.91% of the stock is owned by insiders.

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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.

Dividend History for Century Bancorp (NASDAQ:CNBKA)

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