SG Americas Securities LLC Invests $451,000 in Century Bancorp, Inc. (CNBKA)
SG Americas Securities LLC bought a new stake in shares of Century Bancorp, Inc. (NASDAQ:CNBKA) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,628 shares of the bank’s stock, valued at approximately $451,000. SG Americas Securities LLC owned 0.10% of Century Bancorp at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Boston Partners boosted its stake 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 purchasing an additional 10,700 shares during the period. Heartland Advisors Inc. boosted its stake 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 purchasing an additional 21,886 shares during the period. Cornerstone Capital Management Holdings LLC. boosted its stake 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 valued at $419,000 after purchasing an additional 1,400 shares during the period. ClariVest Asset Management LLC boosted its stake 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 valued at $258,000 after purchasing an additional 960 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. purchased a new stake in shares of Century Bancorp during the third quarter valued at $649,000. 36.50% of the stock is owned by hedge funds and other institutional investors.
Separately, ValuEngine downgraded Century Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 1st.
Century Bancorp (NASDAQ:CNBKA) last released its quarterly earnings data on Tuesday, October 10th. The bank reported $1.44 earnings per share for the quarter. The firm 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 disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were issued a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $0.48 annualized dividend and a dividend yield of 0.57%. Century Bancorp’s payout ratio is currently 9.28%.
In other news, major shareholder James J. Filler acquired 300 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The stock was purchased at an average cost of $85.07 per share, for a total transaction of $25,521.00. Following the completion of the acquisition, the insider now directly owns 584,467 shares of the company’s stock, valued at approximately $49,720,607.69. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder James J. Filler acquired 3,471 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was purchased at an average price of $83.72 per share, with a total value of $290,592.12. Following the completion of the acquisition, the insider now directly owns 587,955 shares of the company’s stock, valued at $49,223,592.60. The disclosure for this purchase can be found here. Insiders purchased 22,655 shares of company stock valued at $1,905,662 over the last 90 days. 36.91% of the stock is currently owned by corporate insiders.
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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.
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