Insider Buying: Century Bancorp, Inc. (NASDAQ:CNBKA) Major Shareholder Acquires $18,920.00 in Stock


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Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler acquired 200 shares of the firm’s stock in a transaction that occurred on Wednesday, March 31st. The stock was acquired at an average price of $94.60 per share, with a total value of $18,920.00. Following the completion of the acquisition, the insider now directly owns 867,429 shares of the company’s stock, valued at approximately $82,058,783.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

CNBKA stock opened at $91.44 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.60 and a quick ratio of 0.60. Century Bancorp, Inc. has a 52-week low of $54.76 and a 52-week high of $102.85. The company has a 50-day moving average of $93.53 and a two-hundred day moving average of $80.20. The stock has a market capitalization of $509.14 million, a price-to-earnings ratio of 12.29 and a beta of 0.93.

Century Bancorp (NASDAQ:CNBKA) last released its quarterly earnings results on Tuesday, January 19th. The bank reported $2.08 earnings per share (EPS) for the quarter. Century Bancorp had a net margin of 24.30% and a return on equity of 11.91%. The company had revenue of $35.06 million during the quarter.

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 16th. Shareholders of record on Monday, February 1st were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.79%. This is a boost from Century Bancorp’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Friday, January 29th.

A number of hedge funds have recently added to or reduced their stakes in CNBKA. California Public Employees Retirement System lifted its stake in shares of Century Bancorp by 3.2% in the third quarter. California Public Employees Retirement System now owns 6,418 shares of the bank’s stock valued at $422,000 after buying an additional 200 shares during the period. Denali Advisors LLC lifted its stake in shares of Century Bancorp by 12.9% in the fourth quarter. Denali Advisors LLC now owns 1,920 shares of the bank’s stock valued at $149,000 after buying an additional 220 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Century Bancorp by 4.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,179 shares of the bank’s stock valued at $556,000 after buying an additional 285 shares during the period. Rhumbline Advisers lifted its stake in shares of Century Bancorp by 13.5% in the fourth quarter. Rhumbline Advisers now owns 4,523 shares of the bank’s stock valued at $350,000 after buying an additional 538 shares during the period. Finally, Citigroup Inc. lifted its stake in shares of Century Bancorp by 159.2% in the fourth quarter. Citigroup Inc. now owns 1,226 shares of the bank’s stock valued at $95,000 after buying an additional 753 shares during the period. Institutional investors own 34.36% 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, commercial and residential real estate loans, municipal 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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Insider Buying and Selling by Quarter for Century Bancorp (NASDAQ:CNBKA)

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