Century Bancorp, Inc. (NASDAQ:CNBKA) Major Shareholder James J. Filler Acquires 201 Shares

Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler acquired 201 shares of Century Bancorp stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average cost of $86.65 per share, with a total value of $17,416.65. Following the acquisition, the insider now directly owns 729,355 shares of the company’s stock, valued at $63,198,610.75. The acquisition was disclosed in a document filed with the SEC, which is available 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 NASDAQ CNBKA opened at $87.03 on Tuesday. Century Bancorp, Inc. has a twelve month low of $65.15 and a twelve month high of $95.70. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $484.33 million, a price-to-earnings ratio of 12.46 and a beta of 0.83. The firm has a 50-day moving average of $87.17 and a two-hundred day moving average of $86.59.

Century Bancorp (NASDAQ:CNBKA) last issued its quarterly earnings results on Tuesday, October 8th. The bank reported $1.81 earnings per share for the quarter. Century Bancorp had a net margin of 22.36% and a return on equity of 12.37%. The company had revenue of $28.06 million during the quarter.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Thursday, October 31st.

Hedge funds and other institutional investors have recently modified their holdings of the business. Heartland Advisors Inc. lifted its holdings in Century Bancorp by 0.4% in the 2nd quarter. Heartland Advisors Inc. now owns 81,220 shares of the bank’s stock valued at $7,139,000 after acquiring an additional 320 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Century Bancorp by 16.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 14,114 shares of the bank’s stock valued at $1,235,000 after acquiring an additional 2,032 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Century Bancorp by 6.8% in the 2nd quarter. Renaissance Technologies LLC now owns 131,001 shares of the bank’s stock valued at $11,515,000 after acquiring an additional 8,301 shares during the last quarter. Bank of America Corp DE lifted its holdings in Century Bancorp by 4.6% in the 2nd quarter. Bank of America Corp DE now owns 29,456 shares of the bank’s stock valued at $2,589,000 after acquiring an additional 1,286 shares during the last quarter. Finally, Chicago Equity Partners LLC acquired a new stake in Century Bancorp in the 3rd quarter valued at about $255,000. 34.08% of the stock is owned by institutional investors.

Several equities research analysts recently weighed in on the stock. ValuEngine raised shares of Century Bancorp from a “strong sell” rating to a “sell” rating in a report on Thursday, October 10th. BidaskClub downgraded shares of Century Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, November 7th.

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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