Century Bancorp, Inc. Class A (CNBKA) Major Shareholder Acquires $79,158.00 in Stock

Century Bancorp, Inc. Class A (NASDAQ:CNBKA) major shareholder James J. Filler bought 1,002 shares of the business’s stock in a transaction on Thursday, June 7th. The shares were acquired at an average price of $79.00 per share, with a total value of $79,158.00. Following the completion of the purchase, the insider now directly owns 626,987 shares of the company’s stock, valued at $49,531,973. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major 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. Class A opened at $76.60 on Thursday, according to Marketbeat Ratings. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.59 and a quick ratio of 0.59. Century Bancorp, Inc. Class A has a fifty-two week low of $61.95 and a fifty-two week high of $89.40. The firm has a market cap of $432.83 million, a price-to-earnings ratio of 13.38 and a beta of 0.74.

Century Bancorp, Inc. Class A (NASDAQ:CNBKA) last announced its quarterly earnings results on Tuesday, April 10th. The bank reported $1.38 earnings per share (EPS) for the quarter. The company had revenue of $26.66 million during the quarter. Century Bancorp, Inc. Class A had a net margin of 17.71% and a return on equity of 12.38%.

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st were issued a dividend of $0.12 per share. The ex-dividend date was Monday, April 30th. This represents a $0.48 annualized dividend and a dividend yield of 0.63%.

Separately, BidaskClub upgraded Century Bancorp, Inc. Class A from a “hold” rating to a “buy” rating in a research note on Tuesday, April 3rd.

Several large investors have recently made changes to their positions in CNBKA. MetLife Investment Advisors LLC acquired a new position in shares of Century Bancorp, Inc. Class A during the fourth quarter worth $118,000. First Trust Advisors LP acquired a new position in shares of Century Bancorp, Inc. Class A during the fourth quarter worth $340,000. Wells Fargo & Company MN increased its holdings in shares of Century Bancorp, Inc. Class A by 52.4% during the fourth quarter. Wells Fargo & Company MN now owns 5,396 shares of the bank’s stock worth $422,000 after buying an additional 1,856 shares in the last quarter. Mackay Shields LLC acquired a new position in shares of Century Bancorp, Inc. Class A during the first quarter worth $714,000. Finally, Matarin Capital Management LLC acquired a new position in shares of Century Bancorp, Inc. Class A during the first quarter worth $780,000. Institutional investors own 36.51% of the company’s stock.

About Century Bancorp, Inc. Class A

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.

Insider Buying and Selling by Quarter for Century Bancorp, Inc. Class A (NASDAQ:CNBKA)

Receive News & Ratings for Century Bancorp Inc. Class A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Bancorp Inc. Class A and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit