Insider Buying: Century Bancorp, Inc. Class A (CNBKA) Major Shareholder Purchases 500 Shares of Stock

Century Bancorp, Inc. Class A (NASDAQ:CNBKA) major shareholder James J. Filler bought 500 shares of the business’s stock in a transaction on Tuesday, August 21st. The stock was bought at an average cost of $76.30 per share, with a total value of $38,150.00. Following the transaction, the insider now owns 634,433 shares in the company, valued at approximately $48,407,237.90. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

NASDAQ:CNBKA traded down $2.30 during trading hours on Monday, reaching $72.50. The company had a trading volume of 8,900 shares, compared to its average volume of 5,418. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.96. Century Bancorp, Inc. Class A has a 52 week low of $65.20 and a 52 week high of $89.40. The company has a market cap of $416.41 million, a PE ratio of 12.55 and a beta of 0.75.

Century Bancorp, Inc. Class A (NASDAQ:CNBKA) last posted its earnings results on Tuesday, July 10th. The bank reported $1.62 EPS for the quarter. The business had revenue of $26.92 million during the quarter. Century Bancorp, Inc. Class A had a net margin of 17.80% and a return on equity of 12.43%.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 15th. Stockholders of record on Wednesday, August 1st were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Tuesday, July 31st.

Separately, BidaskClub raised shares of Century Bancorp, Inc. Class A from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 27th.

Several institutional investors have recently modified their holdings of the company. California Public Employees Retirement System boosted its stake in shares of Century Bancorp, Inc. Class A by 3.1% during the 2nd quarter. California Public Employees Retirement System now owns 24,599 shares of the bank’s stock worth $1,879,000 after acquiring an additional 747 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of Century Bancorp, Inc. Class A by 10.4% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 10,600 shares of the bank’s stock worth $810,000 after acquiring an additional 1,000 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Century Bancorp, Inc. Class A by 6.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 17,665 shares of the bank’s stock worth $1,350,000 after acquiring an additional 1,100 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Century Bancorp, Inc. Class A by 3.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 45,681 shares of the bank’s stock worth $3,491,000 after acquiring an additional 1,443 shares during the last quarter. Finally, MetLife Investment Advisors LLC purchased a new position in shares of Century Bancorp, Inc. Class A during the 4th quarter worth $118,000. Institutional investors and hedge funds own 36.15% of the company’s stock.

Century Bancorp, Inc. Class A 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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Insider Buying and Selling by Quarter for Century Bancorp, Inc. Class A (NASDAQ:CNBKA)

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