Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 186 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was purchased at an average cost of $79.88 per share, with a total value of $14,857.68. Following the purchase, the insider now owns 605,743 shares in the company, valued at $48,386,750.84. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Century Bancorp, Inc. (NASDAQ:CNBKA) opened at $80.75 on Monday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.50. The firm has a market cap of $372.19, a P/E ratio of 24.18 and a beta of 0.75. Century Bancorp, Inc. has a 1 year low of $53.35 and a 1 year high of $89.40.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.59%. Century Bancorp’s payout ratio is currently 14.37%.

A number of equities analysts recently weighed in on the stock. ValuEngine cut shares of Century Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub raised shares of Century Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th.

Several large investors have recently bought and sold shares of CNBKA. Prudential Financial Inc. boosted its position in shares of Century Bancorp by 1.4% during the 2nd quarter. Prudential Financial Inc. now owns 7,420 shares of the bank’s stock worth $472,000 after purchasing an additional 100 shares during the period. Northern Trust Corp lifted its holdings in Century Bancorp by 6.9% during the 2nd quarter. Northern Trust Corp now owns 50,905 shares of the bank’s stock worth $3,237,000 after buying an additional 3,269 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Century Bancorp by 8.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 120,741 shares of the bank’s stock worth $7,679,000 after buying an additional 9,859 shares in the last quarter. Cornerstone Capital Management Holdings LLC. lifted its holdings in Century Bancorp by 27.0% during the 2nd 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. Finally, State Street Corp lifted its holdings in Century Bancorp by 3.7% during the 2nd 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. 36.47% of the stock is owned by hedge funds and other institutional investors.

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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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