Century Bancorp, Inc. (NASDAQ:CNBKA) Declares Quarterly Dividend of $0.12
Century Bancorp, Inc. (NASDAQ:CNBKA) announced a quarterly dividend on Wednesday, July 12th, Wall Street Journal reports. Stockholders of record on Tuesday, August 1st will be paid a dividend of 0.12 per share by the bank on Tuesday, August 15th. This represents a $0.48 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Friday, July 28th.
Shares of Century Bancorp (NASDAQ CNBKA) traded up 0.83% during midday trading on Friday, hitting $66.85. The stock had a trading volume of 1,701 shares. The firm has a market cap of $372.15 million, a price-to-earnings ratio of 13.67 and a beta of 0.70. The firm has a 50-day moving average price of $65.28 and a 200-day moving average price of $62.72. Century Bancorp has a 1-year low of $43.50 and a 1-year high of $68.69.
Century Bancorp (NASDAQ:CNBKA) last posted its earnings results on Tuesday, July 11th. The bank reported $1.47 EPS for the quarter. The firm had revenue of $26.40 million for the quarter. Century Bancorp had a net margin of 22.46% and a return on equity of 11.35%. On average, equities analysts anticipate that Century Bancorp will post $2.31 EPS for the current fiscal year.
In other Century Bancorp news, major shareholder James J. Filler purchased 612 shares of the stock in a transaction dated Tuesday, May 23rd. The shares were bought at an average cost of $59.07 per share, with a total value of $36,150.84. Following the completion of the transaction, the insider now owns 560,792 shares in the company, valued at approximately $33,125,983.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder James J. Filler purchased 511 shares of the stock in a transaction dated Monday, July 31st. The stock was acquired at an average cost of $66.64 per share, for a total transaction of $34,053.04. Following the completion of the transaction, the insider now owns 570,561 shares of the company’s stock, valued at approximately $38,022,185.04. The disclosure for this purchase can be found here. Insiders have acquired 16,217 shares of company stock worth $1,019,122 over the last three months. Company insiders own 36.91% of the company’s stock.
Separately, ValuEngine raised shares of Century Bancorp from a “hold” rating to a “buy” rating in a research report 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.
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