Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 295 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was bought at an average cost of $66.58 per share, with a total value of $19,641.10. Following the transaction, the insider now directly owns 793,218 shares of the company’s stock, valued at $52,812,454.44. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
NASDAQ:CNBKA opened at $69.51 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.58 and a current ratio of 0.58. Century Bancorp, Inc. has a one year low of $51.40 and a one year high of $93.49. The business’s 50-day simple moving average is $64.67 and its 200 day simple moving average is $78.37. The stock has a market cap of $384.12 million, a price-to-earnings ratio of 9.50 and a beta of 1.10.
Century Bancorp (NASDAQ:CNBKA) last released its quarterly earnings results on Tuesday, April 14th. The bank reported $1.74 EPS for the quarter. Century Bancorp had a return on equity of 12.10% and a net margin of 22.42%. The business had revenue of $29.51 million for the quarter.
The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Thursday, April 30th.
Several large investors have recently added to or reduced their stakes in CNBKA. BlackRock Inc. raised its stake in Century Bancorp by 3.5% during the first quarter. BlackRock Inc. now owns 218,324 shares of the bank’s stock valued at $13,588,000 after buying an additional 7,408 shares in the last quarter. Renaissance Technologies LLC raised its stake in Century Bancorp by 14.0% during the fourth quarter. Renaissance Technologies LLC now owns 168,501 shares of the bank’s stock valued at $15,158,000 after buying an additional 20,752 shares in the last quarter. Clean Yield Group raised its stake in Century Bancorp by 4.9% during the first quarter. Clean Yield Group now owns 111,081 shares of the bank’s stock valued at $6,914,000 after buying an additional 5,185 shares in the last quarter. State Street Corp raised its stake in Century Bancorp by 3.4% during the first quarter. State Street Corp now owns 58,615 shares of the bank’s stock valued at $3,648,000 after buying an additional 1,941 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Century Bancorp by 9.9% during the first quarter. Russell Investments Group Ltd. now owns 57,579 shares of the bank’s stock valued at $3,582,000 after buying an additional 5,178 shares in the last quarter. Institutional investors and hedge funds own 33.34% of the company’s stock.
CNBKA has been the subject of several analyst reports. BidaskClub downgraded Century Bancorp from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 9th. ValuEngine downgraded Century Bancorp from a “sell” rating to a “strong sell” rating in a research report on Wednesday, March 25th. Finally, TheStreet cut Century Bancorp from a “b” rating to a “c” rating in a research note on Monday, April 13th.
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.
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