Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 300 shares of the stock in a transaction on Monday, January 14th. The shares were purchased at an average cost of $71.92 per share, for a total transaction of $21,576.00. Following the acquisition, the insider now directly owns 669,405 shares of the company’s stock, valued at $48,143,607.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of NASDAQ:CNBKA opened at $77.03 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.42. Century Bancorp, Inc. has a 1-year low of $65.15 and a 1-year high of $84.49. The company has a market cap of $428.83 million, a price-to-earnings ratio of 11.85 and a beta of 0.77.

Century Bancorp (NASDAQ:CNBKA) last issued its quarterly earnings results on Tuesday, January 15th. The bank reported $1.78 earnings per share 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 for the quarter.

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

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of Century Bancorp by 2.2% in the second quarter. BlackRock Inc. now owns 149,471 shares of the bank’s stock worth $11,420,000 after buying an additional 3,208 shares in the last quarter. Maltese Capital Management LLC lifted its holdings in shares of Century Bancorp by 40.6% in the third quarter. Maltese Capital Management LLC now owns 84,332 shares of the bank’s stock worth $6,093,000 after buying an additional 24,332 shares in the last quarter. Panagora Asset Management Inc. lifted its holdings in shares of Century Bancorp by 5.2% in the third quarter. Panagora Asset Management Inc. now owns 25,610 shares of the bank’s stock worth $1,850,000 after buying an additional 1,255 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Century Bancorp in the second quarter worth $627,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Century Bancorp by 4.4% in the third quarter. Renaissance Technologies LLC now owns 134,000 shares of the bank’s stock worth $9,682,000 after buying an additional 5,600 shares in the last quarter. 35.65% of the stock is currently owned by hedge funds and other institutional investors.

CNBKA has been the topic of several analyst reports. BidaskClub raised shares of Century Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, October 9th. ValuEngine raised shares of Century Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, November 20th.

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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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