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.
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.
TRADEMARK VIOLATION WARNING: This piece of content was originally posted by Baseball Daily News and is owned by of Baseball Daily News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.baseballdailydigest.com/news/2019/05/18/boston-partners-decreases-stake-in-century-bancorp-inc-cnbka.html.
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.
Featured Story: Calculate Your Return on Investment (ROI)
Want to see what other hedge funds are holding CNBKA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Century Bancorp, Inc. (NASDAQ:CNBKA).
Receive News & Ratings for Century Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.