Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 500 shares of the business’s stock in a transaction on Tuesday, January 30th. The stock was purchased at an average cost of $80.86 per share, for a total transaction of $40,430.00. Following the acquisition, the insider now owns 608,829 shares in the company, valued at $49,229,912.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 $77.60 on Thursday. The firm has a market cap of $431.72, a PE ratio of 14.05 and a beta of 0.75. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.61 and a current ratio of 0.61. Century Bancorp, Inc. has a 52 week low of $53.35 and a 52 week high of $89.40.

Century Bancorp (NASDAQ:CNBKA) last announced its earnings results on Tuesday, January 16th. The bank reported $1.52 earnings per share for the quarter. The firm had revenue of $26.11 million for the quarter. Century Bancorp had a net margin of 17.16% and a return on equity of 12.08%.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend is Wednesday, January 31st. Century Bancorp’s payout ratio is currently 12.00%.

A number of equities research analysts have issued reports on CNBKA shares. BidaskClub lowered shares of Century Bancorp from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 30th. ValuEngine lowered shares of Century Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.

Large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its stake in 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 acquiring an additional 1,244 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in 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 during the last quarter. ZPR Investment Management raised its holdings in 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 during the last quarter. ClariVest Asset Management LLC raised its holdings in Century Bancorp by 26.1% in the third quarter. ClariVest Asset Management LLC now owns 5,111 shares of the bank’s stock worth $409,000 after buying an additional 1,057 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Century Bancorp in the third quarter worth about $451,000. 36.54% of the stock is currently owned by institutional investors and hedge funds.

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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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