Century Bancorp, Inc. (CNBKA) Major Shareholder Acquires $38,994.09 in Stock
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%.
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.
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