Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 763 shares of the company’s stock in a transaction on Thursday, February 7th. The stock was bought at an average cost of $77.01 per share, with a total value of $58,758.63. Following the completion of the purchase, the insider now owns 677,767 shares of the company’s stock, valued at approximately $52,194,836.67. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of NASDAQ CNBKA opened at $77.03 on Tuesday. Century Bancorp, Inc. has a 1-year low of $65.15 and a 1-year high of $84.49. The stock has a market capitalization of $428.94 million, a price-to-earnings ratio of 11.85 and a beta of 0.88. 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 (NASDAQ:CNBKA) last announced its 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 company had revenue of $27.87 million during the quarter.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Rhumbline Advisers raised its stake in shares of Century Bancorp by 43.5% during the fourth quarter. Rhumbline Advisers now owns 4,051 shares of the bank’s stock worth $274,000 after buying an additional 1,228 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Century Bancorp by 42.0% during the third quarter. Janney Montgomery Scott LLC now owns 5,446 shares of the bank’s stock worth $393,000 after buying an additional 1,611 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Century Bancorp during the second quarter worth approximately $627,000. Wells Fargo & Company MN increased its stake in Century Bancorp by 25.9% in the third quarter. Wells Fargo & Company MN now owns 12,551 shares of the bank’s stock valued at $906,000 after purchasing an additional 2,583 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its stake in Century Bancorp by 34.2% in the third quarter. Oppenheimer & Co. Inc. now owns 14,225 shares of the bank’s stock valued at $1,028,000 after purchasing an additional 3,625 shares in the last quarter. 35.44% of the stock is owned by institutional investors.

A number of equities analysts have weighed in on the stock. BidaskClub downgraded shares of Century Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 4th. ValuEngine downgraded shares of Century Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, October 23rd.

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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.

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