Century Bancorp, Inc. (NASDAQ:CNBKA) announced a quarterly dividend on Thursday, April 11th, Wall Street Journal reports. Stockholders of record on Wednesday, May 1st will be given a dividend of 0.12 per share by the bank on Wednesday, May 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Tuesday, April 30th.
Shares of NASDAQ CNBKA traded down $0.13 during mid-day trading on Friday, reaching $91.27. The company had a trading volume of 12,184 shares, compared to its average volume of 6,602. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market capitalization of $508.10 million, a price-to-earnings ratio of 13.46 and a beta of 0.95. Century Bancorp has a 12-month low of $65.15 and a 12-month high of $95.40.
Century Bancorp (NASDAQ:CNBKA) last issued its quarterly earnings data on Tuesday, April 9th. The bank reported $1.69 earnings per share for the quarter. The firm had revenue of $27.87 million for the quarter. Century Bancorp had a net margin of 23.53% and a return on equity of 13.15%.
In related news, major shareholder James J. Filler acquired 700 shares of the business’s stock in a transaction on Tuesday, February 19th. The stock was bought at an average cost of $77.33 per share, with a total value of $54,131.00. Following the completion of the acquisition, the insider now owns 678,730 shares in the company, valued at $52,486,190.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder James J. Filler acquired 763 shares of the business’s stock in a transaction on Thursday, February 7th. The shares were bought at an average cost of $77.01 per share, with a total value of $58,758.63. Following the completion of the acquisition, the insider now owns 677,767 shares of the company’s stock, valued at approximately $52,194,836.67. The disclosure for this purchase can be found here. Insiders have acquired 11,738 shares of company stock worth $886,786 in the last quarter. Corporate insiders own 36.91% of the company’s stock.
An institutional investor recently raised its position in Century Bancorp stock. Geode Capital Management LLC lifted its holdings in Century Bancorp, Inc. (NASDAQ:CNBKA) by 4.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,306 shares of the bank’s stock after buying an additional 1,187 shares during the quarter. Geode Capital Management LLC owned about 0.53% of Century Bancorp worth $1,984,000 at the end of the most recent quarter. Institutional investors and hedge funds own 34.98% of the company’s stock.
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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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