Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler acquired 367 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was acquired at an average price of $66.75 per share, for a total transaction of $24,497.25. Following the purchase, the insider now directly owns 577,921 shares of the company’s stock, valued at $38,576,226.75. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of Century Bancorp, Inc. (NASDAQ:CNBKA) opened at 67.10 on Wednesday. The firm has a market cap of $373.55 million, a price-to-earnings ratio of 13.72 and a beta of 0.70. Century Bancorp, Inc. has a 1-year low of $43.65 and a 1-year high of $68.69. The stock has a 50 day moving average of $66.22 and a 200-day moving average of $63.43.

Century Bancorp (NASDAQ:CNBKA) last posted its earnings results on Tuesday, July 11th. The bank reported $1.47 earnings per share (EPS) for the quarter. The company had revenue of $26.40 million for the quarter. Century Bancorp had a return on equity of 11.18% and a net margin of 22.46%. Equities analysts anticipate that Century Bancorp, Inc. will post $2.31 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date was Friday, July 28th. Century Bancorp’s payout ratio is 9.82%.

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Large investors have recently modified their holdings of the stock. Delphi Management Inc. MA boosted its stake in shares of Century Bancorp by 11.1% in the second quarter. Delphi Management Inc. MA now owns 10,845 shares of the bank’s stock worth $690,000 after buying an additional 1,083 shares in the last quarter. ZPR Investment Management boosted its stake in shares of Century Bancorp by 2.7% in the second quarter. ZPR Investment Management now owns 4,815 shares of the bank’s stock worth $306,000 after buying an additional 125 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Century Bancorp by 1,300.7% in the second quarter. The Manufacturers Life Insurance Company now owns 3,922 shares of the bank’s stock worth $249,000 after buying an additional 3,642 shares in the last quarter. State Street Corp boosted its stake in shares of Century Bancorp by 3.7% in the second quarter. State Street Corp now owns 57,755 shares of the bank’s stock worth $3,667,000 after buying an additional 2,038 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. boosted its stake in shares of Century Bancorp by 27.0% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 6,593 shares of the bank’s stock worth $419,000 after buying an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 36.54% of the company’s stock.

Separately, ValuEngine upgraded shares of Century Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.

Century Bancorp Company Profile

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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