Boston Partners Decreases Stake in Century Bancorp, Inc. (CNBKA)

Boston Partners lowered its position in shares of Century Bancorp, Inc. (NASDAQ:CNBKA) by 39.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 23,770 shares of the bank’s stock after selling 15,400 shares during the quarter. Boston Partners’ holdings in Century Bancorp were worth $1,735,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of CNBKA. Oppenheimer & Co. Inc. lifted its position in Century Bancorp by 2.9% during the 1st quarter. Oppenheimer & Co. Inc. now owns 15,975 shares of the bank’s stock worth $1,166,000 after acquiring an additional 450 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in Century Bancorp by 552.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 600 shares of the bank’s stock worth $44,000 after acquiring an additional 508 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Century Bancorp by 10.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 5,847 shares of the bank’s stock worth $427,000 after acquiring an additional 541 shares in the last quarter. Metropolitan Life Insurance Co. NY acquired a new position in Century Bancorp during the 4th quarter worth approximately $72,000. Finally, Bank of America Corp DE lifted its position in Century Bancorp by 4.1% during the 4th quarter. Bank of America Corp DE now owns 29,739 shares of the bank’s stock worth $2,014,000 after acquiring an additional 1,175 shares in the last quarter. Institutional investors and hedge funds own 34.46% of the company’s stock.

In other Century Bancorp news, major shareholder James J. Filler bought 638 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were bought at an average cost of $72.35 per share, with a total value of $46,159.30. Following the transaction, the insider now directly owns 687,825 shares in the company, valued at approximately $49,764,138.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder James J. Filler bought 400 shares of the business’s stock in a transaction on Thursday, February 21st. The stock was acquired at an average cost of $76.28 per share, for a total transaction of $30,512.00. Following the completion of the transaction, the insider now owns 678,730 shares in the company, valued at $51,773,524.40. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 10,075 shares of company stock worth $759,034. 36.91% of the stock is currently owned by corporate insiders.

Shares of CNBKA opened at $91.31 on Friday. Century Bancorp, Inc. has a 52-week low of $65.15 and a 52-week high of $95.70. The company has a market capitalization of $508.93 million, a price-to-earnings ratio of 13.61 and a beta of 0.95. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.95.

Century Bancorp (NASDAQ:CNBKA) last announced its earnings results on Tuesday, April 9th. The bank reported $1.69 earnings per share (EPS) for the quarter. Century Bancorp had a return on equity of 12.92% and a net margin of 23.53%. The company had revenue of $27.87 million for the quarter.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Tuesday, April 30th.

Separately, BidaskClub raised Century Bancorp from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 3rd.

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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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Institutional Ownership by Quarter for Century Bancorp (NASDAQ:CNBKA)

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