Century Bancorp, Inc. (CNBKA) Major Shareholder Buys $14,857.68 in Stock
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%.
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.
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