Insider Buying: Century Bancorp, Inc. (NASDAQ:CNBKA) Major Shareholder Acquires $25,965.00 in Stock

Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 300 shares of Century Bancorp stock in a transaction dated Thursday, June 27th. The shares were acquired at an average cost of $86.55 per share, with a total value of $25,965.00. Following the completion of the purchase, the insider now owns 699,211 shares in the company, valued at $60,516,712.05. The acquisition was disclosed in a filing with the SEC, which is available through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of CNBKA opened at $89.26 on Friday. 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 one year low of $65.15 and a one year high of $95.70. The stock has a market capitalization of $499.25 million, a PE ratio of 13.02 and a beta of 0.85. The stock’s 50 day moving average price is $87.98.

Century Bancorp (NASDAQ:CNBKA) last issued its quarterly earnings results on Tuesday, April 9th. The bank reported $1.69 EPS for the quarter. Century Bancorp had a return on equity of 12.85% and a net margin of 22.75%. The firm had revenue of $27.87 million during the quarter.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Wednesday, July 31st.

Separately, BidaskClub raised Century Bancorp from a “strong sell” rating to a “sell” rating in a research note on Monday, July 1st.

A number of large investors have recently modified their holdings of CNBKA. Dimensional Fund Advisors LP grew its holdings in Century Bancorp by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 171,330 shares of the bank’s stock valued at $11,604,000 after buying an additional 4,364 shares in the last quarter. BlackRock Inc. grew its holdings in Century Bancorp by 2.3% in the 4th quarter. BlackRock Inc. now owns 153,524 shares of the bank’s stock valued at $10,397,000 after buying an additional 3,489 shares in the last quarter. Delphi Management Inc. MA grew its holdings in shares of Century Bancorp by 20.5% during the 4th quarter. Delphi Management Inc. MA now owns 10,810 shares of the bank’s stock worth $732,000 after purchasing an additional 1,840 shares during the period. SG Americas Securities LLC purchased a new position in shares of Century Bancorp during the 1st quarter worth $130,000. Finally, New England Research & Management Inc. grew its holdings in shares of Century Bancorp by 41.3% during the 2nd quarter. New England Research & Management Inc. now owns 5,549 shares of the bank’s stock worth $488,000 after purchasing an additional 1,623 shares during the period. Institutional investors own 33.94% of the company’s stock.

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.

Featured Story: How is a management fee different from a performance fee?

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

Receive News & Ratings for Century Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.