Century Bancorp, Inc. (CNBKA) Major Shareholder Purchases $26,316.00 in Stock
Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler acquired 400 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The shares were acquired at an average cost of $65.79 per share, with a total value of $26,316.00. Following the purchase, the insider now owns 578,631 shares in the company, valued at approximately $38,068,133.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 66.05 on Monday. Century Bancorp, Inc. has a 1-year low of $44.35 and a 1-year high of $68.69. The stock has a market cap of $367.70 million, a PE ratio of 13.50 and a beta of 0.69. The stock has a 50 day moving average of $66.41 and a 200 day moving average of $63.72.
Century Bancorp (NASDAQ:CNBKA) last announced its earnings results on Tuesday, July 11th. The bank reported $1.47 earnings per share (EPS) for the quarter. The company had revenue of $26.40 million during the quarter. Century Bancorp had a net margin of 22.46% and a return on equity of 11.18%. Equities research analysts forecast that Century Bancorp, Inc. will post $2.31 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Friday, July 28th. Century Bancorp’s payout ratio is currently 9.82%.
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Separately, ValuEngine raised shares of Century Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Delphi Management Inc. MA grew its holdings in shares of Century Bancorp by 11.1% during the second quarter. Delphi Management Inc. MA now owns 10,845 shares of the bank’s stock worth $690,000 after buying an additional 1,083 shares in the last quarter. ZPR Investment Management grew its holdings 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. The Manufacturers Life Insurance Company grew its holdings 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. State Street Corp grew 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 worth $3,667,000 after buying an additional 2,038 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. grew its holdings in shares of Century Bancorp by 27.0% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 6,593 shares of the bank’s stock worth $419,000 after buying an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 36.54% 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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