Russell Investments Group Ltd. lessened its position in Century Bancorp, Inc. (NASDAQ:CNBKA) by 18.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,542 shares of the bank’s stock after selling 11,351 shares during the quarter. Russell Investments Group Ltd. owned 0.91% of Century Bancorp worth $4,429,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in Century Bancorp by 17.9% during the 2nd quarter. BlackRock Inc. now owns 173,280 shares of the bank’s stock valued at $15,232,000 after buying an additional 26,342 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Century Bancorp by 6.8% during the 2nd quarter. Renaissance Technologies LLC now owns 131,001 shares of the bank’s stock valued at $11,515,000 after buying an additional 8,301 shares in the last quarter. Swiss National Bank bought a new stake in Century Bancorp during the 2nd quarter valued at about $475,000. Prudential Financial Inc. bought a new stake in Century Bancorp during the 2nd quarter valued at about $341,000. Finally, Virginia Retirement Systems ET AL bought a new stake in Century Bancorp during the 3rd quarter valued at about $307,000. Hedge funds and other institutional investors own 34.08% of the company’s stock.
NASDAQ:CNBKA opened at $87.03 on Tuesday. Century Bancorp, Inc. has a one year low of $65.15 and a one year high of $95.70. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.59 and a current ratio of 0.58. The firm has a market cap of $483.88 million, a P/E ratio of 12.45 and a beta of 0.83. The firm has a 50-day simple moving average of $87.17 and a 200-day simple moving average of $86.59.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a $0.12 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.48 annualized dividend and a dividend yield of 0.55%.
In other Century Bancorp news, major shareholder James J. Filler purchased 3,600 shares of Century Bancorp stock in a transaction dated Tuesday, September 3rd. The stock was acquired at an average price of $80.83 per share, for a total transaction of $290,988.00. Following the acquisition, the insider now owns 720,785 shares in the company, valued at approximately $58,261,051.55. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder James J. Filler purchased 2,044 shares of Century Bancorp stock in a transaction dated Friday, August 23rd. The stock was acquired at an average price of $82.51 per share, with a total value of $168,650.44. Following the acquisition, the insider now owns 718,394 shares in the company, valued at approximately $59,274,688.94. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 11,103 shares of company stock valued at $936,549. Company insiders own 36.91% of the company’s stock.
CNBKA has been the subject of a number of research analyst reports. ValuEngine upgraded shares of Century Bancorp from a “strong sell” rating to a “sell” rating in a report on Thursday, October 10th. BidaskClub lowered shares of Century Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, November 7th.
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.
Further Reading: Dividend Aristocrat Index
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