Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 300 shares of Century Bancorp stock in a transaction on Thursday, June 27th. The stock was bought at an average cost of $86.55 per share, for a total transaction of $25,965.00. Following the transaction, the insider now directly owns 699,211 shares in the company, valued at $60,516,712.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of NASDAQ CNBKA opened at $89.26 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.95. Century Bancorp, Inc. has a fifty-two week low of $65.15 and a fifty-two week high of $95.70. The firm has a market cap of $499.25 million, a price-to-earnings ratio of 13.02 and a beta of 0.85. The stock’s 50-day simple moving average is $87.98.
Century Bancorp (NASDAQ:CNBKA) last issued its earnings results on Tuesday, April 9th. The bank reported $1.69 earnings per share for the quarter. Century Bancorp had a return on equity of 12.85% and a net margin of 22.75%. The business had revenue of $27.87 million for the quarter.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Wednesday, July 31st.
Hedge funds and other institutional investors have recently modified their holdings of the company. New England Research & Management Inc. grew its stake in Century Bancorp by 41.3% during the 2nd quarter. New England Research & Management Inc. now owns 5,549 shares of the bank’s stock worth $488,000 after buying an additional 1,623 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Century Bancorp by 11.7% in the 1st quarter. Acadian Asset Management LLC now owns 5,290 shares of the bank’s stock valued at $386,000 after purchasing an additional 556 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Century Bancorp by 10.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 5,847 shares of the bank’s stock valued at $427,000 after purchasing an additional 541 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Century Bancorp in the 1st quarter valued at approximately $130,000. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Century Bancorp by 552.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 600 shares of the bank’s stock valued at $44,000 after purchasing an additional 508 shares during the last quarter. 33.94% of the stock is currently owned by institutional investors and hedge funds.
Separately, BidaskClub raised Century Bancorp from a “strong sell” rating to a “sell” rating in a research report on Monday, July 1st.
Century Bancorp Company Profile
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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