Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler acquired 3,210 shares of the business’s stock in a transaction dated Friday, January 18th. The stock was purchased at an average cost of $74.70 per share, for a total transaction of $239,787.00. Following the transaction, the insider now owns 669,405 shares in the company, valued at $50,004,553.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

CNBKA stock traded down $0.87 during trading on Friday, reaching $77.03. The company had a trading volume of 7,684 shares, compared to its average volume of 8,242. The stock has a market capitalization of $433.67 million, a PE ratio of 11.98 and a beta of 0.77. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.42. Century Bancorp, Inc. has a twelve month low of $65.15 and a twelve month high of $84.49.

Century Bancorp (NASDAQ:CNBKA) last announced its quarterly earnings data on Tuesday, January 15th. The bank reported $1.78 EPS for the quarter. Century Bancorp had a net margin of 23.62% and a return on equity of 13.05%. The business had revenue of $27.87 million during the quarter.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Friday, February 1st will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.62%. The ex-dividend date is Thursday, January 31st.

A number of analysts recently commented on CNBKA shares. ValuEngine upgraded shares of Century Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, November 20th. BidaskClub upgraded shares of Century Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. increased its holdings in shares of Century Bancorp by 6.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 17,665 shares of the bank’s stock valued at $1,350,000 after purchasing an additional 1,100 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Century Bancorp by 2.2% during the 2nd quarter. BlackRock Inc. now owns 149,471 shares of the bank’s stock valued at $11,420,000 after purchasing an additional 3,208 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Century Bancorp by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 157,930 shares of the bank’s stock valued at $12,066,000 after purchasing an additional 7,326 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Century Bancorp by 6.2% during the 2nd quarter. Renaissance Technologies LLC now owns 128,400 shares of the bank’s stock valued at $9,810,000 after purchasing an additional 7,500 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in shares of Century Bancorp during the 2nd quarter valued at approximately $627,000. Institutional investors and hedge funds own 35.65% of the company’s stock.

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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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