Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 511 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were bought at an average price of $72.71 per share, for a total transaction of $37,154.81. Following the completion of the transaction, the insider now directly owns 829,333 shares of the company’s stock, valued at approximately $60,300,802.43. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Century Bancorp stock opened at $69.64 on Friday. The stock’s 50-day simple moving average is $74.00 and its 200-day simple moving average is $73.59. Century Bancorp, Inc. has a 52 week low of $51.40 and a 52 week high of $93.49. The company has a market capitalization of $387.69 million, a price-to-earnings ratio of 9.55 and a beta of 1.10. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.02.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.80%. This is an increase from Century Bancorp’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, July 31st.
Several equities analysts recently weighed in on CNBKA shares. BidaskClub downgraded Century Bancorp from a “sell” rating to a “strong sell” rating in a research report on Saturday. TheStreet upgraded Century Bancorp from a “c+” rating to a “b-” rating in a research report on Tuesday, June 16th.
Several institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its holdings in shares of Century Bancorp by 36.2% in the first quarter. BNP Paribas Arbitrage SA now owns 876 shares of the bank’s stock worth $55,000 after purchasing an additional 233 shares during the last quarter. Capital Bank & Trust Co bought a new position in shares of Century Bancorp during the first quarter valued at approximately $64,000. Citigroup Inc. grew its stake in shares of Century Bancorp by 58.2% during the first quarter. Citigroup Inc. now owns 1,413 shares of the bank’s stock valued at $88,000 after buying an additional 520 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Century Bancorp during the second quarter valued at approximately $117,000. Finally, Marshall Wace LLP grew its stake in shares of Century Bancorp by 31.9% during the fourth quarter. Marshall Wace LLP now owns 2,042 shares of the bank’s stock valued at $184,000 after buying an additional 494 shares during the last quarter. Institutional investors and hedge funds own 33.12% of the company’s stock.
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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