LSV Asset Management decreased its stake in Century Bancorp, Inc. (NASDAQ:CNBKA) by 5.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 34,664 shares of the bank’s stock after selling 2,100 shares during the period. LSV Asset Management’s holdings in Century Bancorp were worth $2,712,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CNBKA. Wells Fargo & Company MN boosted its position in Century Bancorp by 54.2% during the 3rd quarter. Wells Fargo & Company MN now owns 3,540 shares of the bank’s stock worth $283,000 after acquiring an additional 1,244 shares during the period. The Manufacturers Life Insurance Company boosted its position in Century Bancorp by 1,300.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,922 shares of the bank’s stock worth $249,000 after acquiring an additional 3,642 shares during the period. ClariVest Asset Management LLC boosted its position in Century Bancorp by 26.1% during the 3rd quarter. ClariVest Asset Management LLC now owns 5,111 shares of the bank’s stock worth $409,000 after acquiring an additional 1,057 shares during the period. SG Americas Securities LLC acquired a new stake in Century Bancorp during the 3rd quarter worth about $451,000. Finally, Cornerstone Capital Management Holdings LLC. boosted its position in Century Bancorp by 27.0% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 6,593 shares of the bank’s stock worth $419,000 after acquiring an additional 1,400 shares during the period. Institutional investors and hedge funds own 35.41% of the company’s stock.

Shares of Century Bancorp, Inc. (NASDAQ:CNBKA) opened at $77.15 on Wednesday. The stock has a market capitalization of $435.06, a PE ratio of 14.16 and a beta of 0.75. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.61 and a current ratio of 0.61. Century Bancorp, Inc. has a 1-year low of $53.35 and a 1-year high of $89.40.

Century Bancorp (NASDAQ:CNBKA) last announced its quarterly earnings results on Tuesday, January 16th. The bank reported $1.52 earnings per share (EPS) for the quarter. The business had revenue of $26.11 million during the quarter. Century Bancorp had a return on equity of 12.08% and a net margin of 17.16%.

The company also recently declared 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. The ex-dividend date is Wednesday, January 31st. This represents a $0.48 annualized dividend and a dividend yield of 0.62%. Century Bancorp’s dividend payout ratio is 12.00%.

In related news, major shareholder James J. Filler acquired 475 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were acquired at an average cost of $84.48 per share, with a total value of $40,128.00. Following the purchase, the insider now owns 592,001 shares of the company’s stock, valued at $50,012,244.48. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder James J. Filler acquired 367 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was bought at an average cost of $84.34 per share, for a total transaction of $30,952.78. Following the completion of the purchase, the insider now directly owns 592,001 shares in the company, valued at approximately $49,929,364.34. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 25,718 shares of company stock valued at $2,086,234. 36.91% of the stock is owned by corporate insiders.

CNBKA has been the subject of a number of research reports. BidaskClub lowered Century Bancorp from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 30th. ValuEngine lowered Century Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 1st.

COPYRIGHT VIOLATION NOTICE: “Century Bancorp, Inc. (CNBKA) Position Decreased by LSV Asset Management” was first published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this piece of content on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark laws. The legal version of this piece of content can be accessed at https://theolympiareport.com/2018/02/14/century-bancorp-inc-cnbka-position-decreased-by-lsv-asset-management.html.

About Century Bancorp

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.

Want to see what other hedge funds are holding CNBKA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Century Bancorp, Inc. (NASDAQ:CNBKA).

Institutional Ownership 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.