Century Bancorp, Inc. (NASDAQ:CNBKA) Major Shareholder Purchases $94,842.00 in Stock

Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 1,100 shares of the company’s stock in a transaction on Monday, June 10th. The shares were acquired at an average price of $86.22 per share, with a total value of $94,842.00. Following the transaction, the insider now directly owns 693,867 shares in the company, valued at approximately $59,825,212.74. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of NASDAQ:CNBKA opened at $85.75 on Wednesday. The stock has a market capitalization of $480.64 million, a P/E ratio of 12.71 and a beta of 0.93. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.58 and a quick ratio of 0.58. Century Bancorp, Inc. has a 52-week low of $65.15 and a 52-week high of $95.70.

Century Bancorp (NASDAQ:CNBKA) last announced its earnings results on Tuesday, April 9th. The bank reported $1.69 earnings per share for the quarter. The business had revenue of $27.87 million during the quarter. Century Bancorp had a net margin of 23.53% and a return on equity of 12.92%.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were given a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $0.48 annualized dividend and a dividend yield of 0.56%.

A number of large investors have recently added to or reduced their stakes in CNBKA. Rhumbline Advisers lifted its holdings in Century Bancorp by 43.5% during the fourth quarter. Rhumbline Advisers now owns 4,051 shares of the bank’s stock valued at $274,000 after purchasing an additional 1,228 shares in the last quarter. BlackRock Inc. increased its position in Century Bancorp by 2.3% during the fourth quarter. BlackRock Inc. now owns 153,524 shares of the bank’s stock valued at $10,397,000 after acquiring an additional 3,489 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Century Bancorp by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 171,330 shares of the bank’s stock valued at $11,604,000 after purchasing an additional 4,364 shares during the period. SlateStone Wealth LLC purchased a new stake in Century Bancorp in the fourth quarter worth about $764,000. Finally, Geode Capital Management LLC lifted its stake in Century Bancorp by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 29,306 shares of the bank’s stock worth $1,984,000 after acquiring an additional 1,187 shares during the period. Institutional investors and hedge funds own 33.94% of the company’s stock.

Separately, BidaskClub raised shares of Century Bancorp from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 3rd.

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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.

Further Reading: Return On Assets

Insider Buying and Selling by Quarter for Century Bancorp (NASDAQ:CNBKA)

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