Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 140 shares of Century Bancorp stock in a transaction on Monday, March 5th. The shares were purchased at an average cost of $76.36 per share, with a total value of $10,690.40. Following the transaction, the insider now owns 617,166 shares in the company, valued at $47,126,795.76. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Century Bancorp, Inc. (NASDAQ:CNBKA) traded up $1.60 during midday trading on Friday, hitting $78.25. The stock had a trading volume of 4,099 shares, compared to its average volume of 6,244. The firm has a market cap of $428.94, a P/E ratio of 13.96 and a beta of 0.78. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.50. Century Bancorp, Inc. has a 12 month low of $53.35 and a 12 month high of $89.40.
Century Bancorp (NASDAQ:CNBKA) last released its quarterly earnings data on Tuesday, January 16th. The bank reported $1.52 EPS for the quarter. The company had revenue of $26.11 million during the quarter. Century Bancorp had a return on equity of 12.08% and a net margin of 17.16%.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend was Wednesday, January 31st. Century Bancorp’s payout ratio is presently 12.00%.
A number of equities analysts have weighed in on the company. BidaskClub downgraded Century Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. ValuEngine downgraded Century Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC bought a new stake in Century Bancorp in the 4th quarter valued at $118,000. The Manufacturers Life Insurance Company increased its position in Century Bancorp by 1,300.7% during the 2nd 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 during the period. Wells Fargo & Company MN increased its position in Century Bancorp by 54.2% during the 3rd quarter. Wells Fargo & Company MN now owns 3,540 shares of the bank’s stock worth $283,000 after buying an additional 1,244 shares during the period. First Trust Advisors LP bought a new position in Century Bancorp during the 4th quarter worth $340,000. Finally, ClariVest Asset Management LLC increased its position in Century Bancorp by 26.1% during the 3rd quarter. ClariVest Asset Management LLC now owns 5,111 shares of the bank’s stock worth $409,000 after buying an additional 1,057 shares during the period. 36.90% of the stock is owned by institutional investors.
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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