Insider Buying: Century Bancorp, Inc. (CNBKA) Major Shareholder Acquires 320 Shares of Stock

Insider Buying: Century Bancorp, Inc. (CNBKA) Major Shareholder Acquires 320 Shares of Stock

Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler bought 320 shares of the firm’s stock in a transaction that occurred on Wednesday, January 18th. The shares were acquired at an average cost of $59.97 per share, for a total transaction of $19,190.40. Following the purchase, the insider now directly owns 549,289 shares in the company, valued at approximately $32,940,861.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of Century Bancorp, Inc. (NASDAQ:CNBKA) traded up 2.31% during mid-day trading on Wednesday, reaching $59.90. The company had a trading volume of 2,930 shares. Century Bancorp, Inc. has a 52 week low of $38.26 and a 52 week high of $62.60. The company has a market capitalization of $333.46 million, a price-to-earnings ratio of 13.90 and a beta of 0.54. The stock has a 50 day moving average of $60.07 and a 200-day moving average of $49.00.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Wednesday, February 1st will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, January 30th. This represents a $0.48 annualized dividend and a yield of 0.80%. Century Bancorp’s payout ratio is presently 11.16%.

Century Bancorp Company Profile

Century Bancorp, Inc is a state-chartered bank holding company. The Company has a banking subsidiary: Century Bank and Trust Company (the Bank). The Company offers a range of services to commercial enterprises, state and local Governments and agencies, non-profit organizations and individuals. It operates approximately 30 banking offices in 20 cities and towns in Massachusetts, ranging from Braintree in the south to Andover in the north.

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