Century Bancorp, Inc. (CNBKA) Major Shareholder Acquires $48,308.38 in Stock

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Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 601 shares of the company’s stock in a transaction dated Wednesday, October 17th. The stock was bought at an average cost of $80.38 per share, with a total value of $48,308.38. Following the completion of the transaction, the insider now owns 641,190 shares in the company, valued at approximately $51,538,852.20. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of NASDAQ CNBKA opened at $75.12 on Thursday. Century Bancorp, Inc. has a 1 year low of $70.55 and a 1 year high of $89.40. The stock has a market cap of $413.13 million, a P/E ratio of 11.89 and a beta of 0.60. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.61 and a quick ratio of 0.61.

Century Bancorp (NASDAQ:CNBKA) last issued its quarterly earnings results on Tuesday, October 9th. The bank reported $1.72 earnings per share (EPS) for the quarter. Century Bancorp had a net margin of 18.08% and a return on equity of 12.94%. The company had revenue of $27.37 million during the quarter.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 1st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, October 31st. This represents a $0.48 dividend on an annualized basis and a yield of 0.64%.

Several research firms have recently commented on CNBKA. BidaskClub raised shares of Century Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday. ValuEngine raised shares of Century Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, October 11th.

A number of hedge funds and other institutional investors have recently modified their holdings of CNBKA. Oppenheimer & Co. Inc. increased its stake in Century Bancorp by 34.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 14,225 shares of the bank’s stock valued at $1,028,000 after purchasing an additional 3,625 shares in the last quarter. Clean Yield Group increased its stake in Century Bancorp by 2.3% during the 3rd quarter. Clean Yield Group now owns 107,654 shares of the bank’s stock valued at $7,778,000 after purchasing an additional 2,387 shares in the last quarter. Delphi Management Inc. MA increased its stake in Century Bancorp by 240.3% during the 2nd quarter. Delphi Management Inc. MA now owns 9,568 shares of the bank’s stock valued at $740,000 after purchasing an additional 6,756 shares in the last quarter. California Public Employees Retirement System increased its stake in Century Bancorp by 3.1% during the 2nd quarter. California Public Employees Retirement System now owns 24,599 shares of the bank’s stock valued at $1,879,000 after purchasing an additional 747 shares in the last quarter. Finally, Millennium Management LLC bought a new stake in Century Bancorp during the 2nd quarter valued at about $627,000. 35.93% of the stock is owned by institutional investors.

About Century Bancorp

Century Bancorp, Inc operates as a bank holding company for Century Bank and Trust Company that provides banking products and services. The company accepts savings accounts, NOW accounts, demand deposits, time deposits, and money market accounts, as well as cash management accounts. It offers single-family and multi-family residential loans, municipal loans, commercial and residential real estate loans, and various consumer loans, as well as provides loans for the construction of residential homes, multi-family properties, commercial real estate properties, and land development.

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