James J. Filler Acquires 200 Shares of Century BanCorp, Inc. (CNBKA) Stock

Century BanCorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 200 shares of the stock in a transaction that occurred on Thursday, May 10th. The shares were bought at an average cost of $79.85 per share, for a total transaction of $15,970.00. Following the acquisition, the insider now owns 623,358 shares of the company’s stock, valued at $49,775,136.30. The transaction was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Shares of Century BanCorp opened at $80.25 on Wednesday, according to Marketbeat. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.59 and a quick ratio of 0.59. Century BanCorp, Inc. has a 52-week low of $53.35 and a 52-week high of $89.40. The firm has a market cap of $447.59 million, a PE ratio of 13.84 and a beta of 0.75.

Century BanCorp (NASDAQ:CNBKA) last issued its earnings results on Tuesday, April 10th. The bank reported $1.38 earnings per share (EPS) for the quarter. Century BanCorp had a net margin of 17.71% and a return on equity of 12.38%. The business had revenue of $26.66 million for the quarter.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend was Monday, April 30th.

Separately, BidaskClub upgraded Century BanCorp from a “sell” rating to a “hold” rating in a research report on Tuesday.

A number of large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in Century BanCorp by 5.8% during the first quarter. Dimensional Fund Advisors LP now owns 150,604 shares of the bank’s stock worth $11,958,000 after buying an additional 8,278 shares in the last quarter. Heartland Advisors Inc. lifted its position in shares of Century BanCorp by 39.3% in the 1st quarter. Heartland Advisors Inc. now owns 70,000 shares of the bank’s stock valued at $5,558,000 after acquiring an additional 19,750 shares in the last quarter. Matarin Capital Management LLC purchased a new stake in Century BanCorp in the 1st quarter worth approximately $780,000. Schwab Charles Investment Management Inc. lifted its position in Century BanCorp by 40.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 16,565 shares of the bank’s stock worth $1,316,000 after buying an additional 4,729 shares in the last quarter. Finally, Mackay Shields LLC purchased a new stake in Century BanCorp in the 1st quarter worth approximately $714,000. Hedge funds and other institutional investors own 36.51% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Century BanCorp (NASDAQ:CNBKA)

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