Century Bancorp Inc. (CNBKA) Major Shareholder Acquires $14,008.90 in Stock
Century Bancorp Inc. (NASDAQ:CNBKA) major shareholder James J. Filler acquired 310 shares of the stock in a transaction dated Tuesday, October 11th. The shares were purchased at an average cost of $45.19 per share, with a total value of $14,008.90. Following the completion of the purchase, the insider now owns 532,112 shares of the company’s stock, valued at approximately $24,046,141.28. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Century Bancorp Inc. (NASDAQ:CNBKA) opened at 45.11 on Friday. Century Bancorp Inc. has a 52 week low of $38.26 and a 52 week high of $45.72. The stock’s 50 day moving average is $44.88 and its 200 day moving average is $42.87. The company has a market capitalization of $251.13 million, a P/E ratio of 10.61 and a beta of 0.62.
Century Bancorp (NASDAQ:CNBKA) last announced its quarterly earnings data on Tuesday, October 11th. The company reported $3.24 EPS for the quarter. Century Bancorp had a net margin of 21.53% and a return on equity of 10.87%. On average, equities research analysts expect that Century Bancorp Inc. will post $2.31 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st will be given a dividend of $0.12 per share. The ex-dividend date is Friday, October 28th. This represents a $0.48 annualized dividend and a dividend yield of 1.06%. Century Bancorp’s payout ratio is 11.16%.
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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