Insider Buying: Century Bancorp, Inc. (CNBKA) Major Shareholder Purchases $30,952.78 in Stock
Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 367 shares of Century Bancorp stock in a transaction that occurred on Monday, November 20th. The stock was acquired at an average cost of $84.34 per share, with a total value of $30,952.78. Following the acquisition, the insider now directly owns 592,001 shares in the company, valued at approximately $49,929,364.34. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Century Bancorp, Inc. (NASDAQ:CNBKA) traded up $0.60 during midday trading on Thursday, reaching $87.00. The company had a trading volume of 11,000 shares, compared to its average volume of 7,493. The firm has a market cap of $480.99, a PE ratio of 16.71 and a beta of 0.76. Century Bancorp, Inc. has a 12 month low of $53.20 and a 12 month high of $89.40. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.50.
Century Bancorp (NASDAQ:CNBKA) last released its quarterly earnings results on Tuesday, October 10th. The bank reported $1.44 earnings per share for the quarter. The company had revenue of $25.30 million during the quarter. Century Bancorp had a return on equity of 11.47% and a net margin of 23.11%.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.55%. Century Bancorp’s payout ratio is currently 9.28%.
Several institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its holdings in shares of Century Bancorp by 10.4% during the third quarter. Dimensional Fund Advisors LP now owns 133,337 shares of the bank’s stock valued at $10,680,000 after acquiring an additional 12,596 shares during the last quarter. Boston Partners raised its holdings in shares of Century Bancorp by 16.5% during the third quarter. Boston Partners now owns 75,714 shares of the bank’s stock valued at $6,065,000 after acquiring an additional 10,700 shares during the last quarter. State Street Corp raised its holdings in shares of Century Bancorp by 3.7% during the second quarter. State Street Corp now owns 57,755 shares of the bank’s stock valued at $3,667,000 after acquiring an additional 2,038 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Century Bancorp by 6.9% during the second quarter. Northern Trust Corp now owns 50,905 shares of the bank’s stock valued at $3,237,000 after acquiring an additional 3,269 shares during the last quarter. Finally, Heartland Advisors Inc. raised its holdings in shares of Century Bancorp by 77.2% during the second quarter. Heartland Advisors Inc. now owns 50,250 shares of the bank’s stock valued at $3,196,000 after acquiring an additional 21,886 shares during the last quarter. 36.50% of the stock is owned by institutional investors and hedge funds.
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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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