BidaskClub upgraded shares of Century Bancorp (NASDAQ:CNBKA) from a hold rating to a buy rating in a research note released on Tuesday.

Separately, ValuEngine cut Century Bancorp from a buy rating to a hold rating in a report on Friday, December 1st.

Century Bancorp (NASDAQ:CNBKA) remained flat at $$80.75 during mid-day trading on Tuesday. The company’s stock had a trading volume of 6,238 shares, compared to its average volume of 5,388. Century Bancorp has a fifty-two week low of $53.35 and a fifty-two week high of $89.40. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.50. The firm has a market cap of $450.37, a price-to-earnings ratio of 20.19 and a beta of 0.75.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Wednesday, January 31st. Century Bancorp’s dividend payout ratio (DPR) is 12.00%.

In other news, major shareholder James J. Filler bought 3,471 shares of Century Bancorp stock in a transaction that occurred on Tuesday, November 14th. The shares were purchased at an average price of $83.72 per share, for a total transaction of $290,592.12. Following the completion of the acquisition, the insider now owns 587,955 shares of the company’s stock, valued at $49,223,592.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder James J. Filler bought 2,588 shares of Century Bancorp stock in a transaction that occurred on Friday, November 3rd. The stock was purchased at an average price of $84.81 per share, for a total transaction of $219,488.28. Following the acquisition, the insider now directly owns 585,467 shares of the company’s stock, valued at approximately $49,653,456.27. The disclosure for this purchase can be found here. Insiders have bought 25,862 shares of company stock worth $2,140,883 in the last 90 days. Insiders own 36.91% of the company’s stock.

A number of institutional investors have recently modified their holdings of CNBKA. Prudential Financial Inc. boosted its holdings in Century Bancorp by 1.4% in the second quarter. Prudential Financial Inc. now owns 7,420 shares of the bank’s stock valued at $472,000 after acquiring an additional 100 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Century Bancorp by 6.9% during the second quarter. Northern Trust Corp now owns 50,905 shares of the bank’s stock worth $3,237,000 after purchasing an additional 3,269 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Century Bancorp by 8.9% during the second quarter. Dimensional Fund Advisors LP now owns 120,741 shares of the bank’s stock worth $7,679,000 after purchasing an additional 9,859 shares in the last quarter. Cornerstone Capital Management Holdings LLC. lifted its stake in shares of Century Bancorp by 27.0% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 6,593 shares of the bank’s stock worth $419,000 after purchasing an additional 1,400 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of Century Bancorp by 3.7% during the second quarter. State Street Corp now owns 57,755 shares of the bank’s stock worth $3,667,000 after purchasing an additional 2,038 shares in the last quarter. Hedge funds and other institutional investors own 36.50% of the company’s stock.

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Century Bancorp Company Profile

Century Bancorp, Inc is a state-chartered bank holding company. The Company has a banking subsidiary: Century Bank and Trust Company (the Bank). The Company offers a range of services to commercial enterprises, state and local Governments and agencies, non-profit organizations and individuals. It operates approximately 30 banking offices in 20 cities and towns in Massachusetts, ranging from Braintree in the south to Andover in the north.

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