Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 471 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average price of $82.79 per share, for a total transaction of $38,994.09. Following the acquisition, the insider now directly owns 587,955 shares of the company’s stock, valued at approximately $48,676,794.45. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Century Bancorp, Inc. (CNBKA) traded down $0.55 on Tuesday, hitting $83.40. 3,400 shares of the stock were exchanged, compared to its average volume of 7,556. The stock has a market capitalization of $467.35, a price-to-earnings ratio of 16.24 and a beta of 0.76. Century Bancorp, Inc. has a 12 month low of $48.82 and a 12 month high of $89.30. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.61 and a quick ratio of 0.61.

Century Bancorp (NASDAQ:CNBKA) last posted its quarterly earnings data on Tuesday, October 10th. The bank reported $1.44 earnings per share (EPS) for the quarter. The company had revenue of $25.30 million for the quarter. Century Bancorp had a net margin of 23.11% and a return on equity of 11.47%.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be paid a dividend of $0.12 per share. The ex-dividend date is Tuesday, October 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.58%. Century Bancorp’s dividend payout ratio is currently 9.28%.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of US and international copyright laws. The original version of this piece of content can be read at https://www.dailypolitical.com/2017/11/14/century-bancorp-inc-cnbka-major-shareholder-acquires-38994-09-in-stock.html.

Institutional investors and hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC acquired a new stake in shares of Century Bancorp during the second quarter worth approximately $209,000. Wells Fargo & Company MN grew its position in shares of Century Bancorp by 54.2% during the third quarter. Wells Fargo & Company MN now owns 3,540 shares of the bank’s stock worth $283,000 after buying an additional 1,244 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Century Bancorp by 1,300.7% during 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. ClariVest Asset Management LLC grew its position in shares of Century Bancorp by 31.0% during the second quarter. ClariVest Asset Management LLC now owns 4,054 shares of the bank’s stock worth $258,000 after buying an additional 960 shares in the last quarter. Finally, ZPR Investment Management grew its position in shares of Century Bancorp by 2.7% during 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. Institutional investors own 37.13% of the company’s stock.

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)

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