Dimensional Fund Advisors LP increased its holdings in shares of Century Bancorp, Inc. (NASDAQ:CNBKA) by 2.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 171,330 shares of the bank’s stock after acquiring an additional 4,364 shares during the quarter. Dimensional Fund Advisors LP owned about 3.08% of Century Bancorp worth $11,604,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. Rhumbline Advisers grew its holdings in Century Bancorp by 43.5% in the 4th quarter. Rhumbline Advisers now owns 4,051 shares of the bank’s stock valued at $274,000 after buying an additional 1,228 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Century Bancorp by 25.9% in the 3rd quarter. Wells Fargo & Company MN now owns 12,551 shares of the bank’s stock valued at $906,000 after buying an additional 2,583 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in Century Bancorp by 9.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 15,525 shares of the bank’s stock valued at $1,052,000 after buying an additional 1,300 shares in the last quarter. Clean Yield Group grew its holdings in Century Bancorp by 3.9% in the 4th quarter. Clean Yield Group now owns 111,874 shares of the bank’s stock valued at $7,577,000 after buying an additional 4,220 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Century Bancorp by 4.4% in the 3rd quarter. Renaissance Technologies LLC now owns 134,000 shares of the bank’s stock valued at $9,682,000 after buying an additional 5,600 shares in the last quarter. 34.99% of the stock is currently owned by institutional investors and hedge funds.
CNBKA opened at $91.05 on Friday. The firm has a market cap of $506.88 million, a PE ratio of 12.85 and a beta of 0.85. Century Bancorp, Inc. has a 52-week low of $65.15 and a 52-week high of $95.40. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.79.
Century Bancorp (NASDAQ:CNBKA) last released its earnings results on Tuesday, April 9th. The bank reported $1.69 earnings per share (EPS) for the quarter. The company had revenue of $27.87 million for the quarter. Century Bancorp had a return on equity of 13.15% and a net margin of 23.53%.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Tuesday, April 30th.
In related news, major shareholder James J. Filler bought 900 shares of Century Bancorp stock in a transaction dated Friday, March 29th. The shares were bought at an average cost of $72.80 per share, with a total value of $65,520.00. Following the acquisition, the insider now owns 687,825 shares in the company, valued at approximately $50,073,660. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder James J. Filler bought 520 shares of Century Bancorp stock in a transaction dated Tuesday, February 5th. The shares were bought at an average cost of $76.62 per share, for a total transaction of $39,842.40. Following the completion of the acquisition, the insider now owns 677,319 shares in the company, valued at approximately $51,896,181.78. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 16,256 shares of company stock worth $1,223,033. 36.91% of the stock is currently owned by insiders.
Separately, BidaskClub lowered Century Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, February 20th.
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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