Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 600 shares of the firm’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were acquired at an average price of $80.83 per share, for a total transaction of $48,498.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Century Bancorp, Inc. (CNBKA) opened at 85.60 on Tuesday. Century Bancorp, Inc. has a 52-week low of $44.55 and a 52-week high of $89.30. The company has a market capitalization of $476.54 million, a price-to-earnings ratio of 17.50 and a beta of 0.73. The stock has a 50 day moving average price of $74.12 and a 200 day moving average price of $66.36.
Century Bancorp (NASDAQ:CNBKA) last issued its quarterly earnings data on Tuesday, October 10th. The bank reported $1.44 earnings per share for the quarter. Century Bancorp had a net margin of 23.11% and a return on equity of 11.65%. The company had revenue of $25.30 million for the quarter. Analysts anticipate that Century Bancorp, Inc. will post $2.31 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $0.48 annualized dividend and a dividend yield of 0.56%. Century Bancorp’s dividend payout ratio is 9.28%.
Several institutional investors have recently modified their holdings of CNBKA. Janney Montgomery Scott LLC bought a new stake in Century Bancorp during the second quarter valued at $209,000. The Manufacturers Life Insurance Company boosted its position in Century Bancorp by 1,300.7% during the second quarter. The Manufacturers Life Insurance Company now owns 3,922 shares of the bank’s stock valued at $249,000 after acquiring an additional 3,642 shares during the last quarter. ClariVest Asset Management LLC boosted its position in Century Bancorp by 31.0% during the second quarter. ClariVest Asset Management LLC now owns 4,054 shares of the bank’s stock valued at $258,000 after acquiring an additional 960 shares during the last quarter. ZPR Investment Management boosted its position in Century Bancorp by 2.7% during the second quarter. ZPR Investment Management now owns 4,815 shares of the bank’s stock valued at $306,000 after acquiring an additional 125 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. boosted its position in Century Bancorp by 27.0% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 6,593 shares of the bank’s stock valued at $419,000 after acquiring an additional 1,400 shares during the last quarter. 36.54% of the stock is currently 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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