James J. Filler Purchases 140 Shares of Century Bancorp, Inc. (CNBKA) Stock

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.

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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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