Century Bancorp, Inc. (NASDAQ:CNBKA) has been the object of insider buying and selling activity recently. Yesterday Director Stephen R. Delinsky disclosed the purchase of 2 shares of CNBKA stock. The shares were purchased at an average price of $43.11. Delinsky now owns $4,193 of the stock according to the SEC filing. Today Barry R. Sloane, CEO and President disclosed the sale of 0 shares of (CNBKA). The shares were sold on February 19th for an average price of $39.94. The CEO and President now owns $1,609 of the stock per the Form 4 SEC filing.
Brian J. Feeney, Executive Vice President reported the purchase of 4 shares. The shares were purchased at an average price of $39.94. The Executive Vice President now owns $63,055 of the stock according to the SEC filing.
Here are a few additional firms who have increased or decreased their stake in (CNBKA). Wellington Management Group Llp divested its stake by selling 31,317 shares a decrease of 12.9%. Wellington Management Group Llp claims 211,168 shares valued at $8,939,000. The total value of its holdings decreased 5.3%. As of the end of the quarter Jacobs Asset Management, LLC had acquired 8,465 shares growing its holdings by 5.4%. The value of the company’s investment in Century Bancorp, Inc. increased from $6,150,000 to $7,048,000 increasing 14.6% quarter over quarter.
As of quarter end Delphi Management Inc /ma/ had sold a total of 14 shares trimming its stake by 0.1%. The value of the total investment in Century Bancorp, Inc. went from $474,000 to $515,000 a change of $41,000 since the last quarter. Bank Of America Corp /de/ bolstered its ownership by buying 1,364 shares an increase of 386.4% in the quarter. Bank Of America Corp /de/ now holds 1,717 shares worth $73,000. The value of the position overall is up by 421.4%.
The company is trading unchanged from yesterday’s close of $45.25. Additionally the company declared a dividend for shareholders which was paid on Monday August 15th, 2016. The dividend payment was $0.120 per share for the quarter or $0.48 on an annualized basis. This dividend amount was represent a yeild of $1.06. The ex-dividend date was set for Thursday the 28th of July 2016.
Company shares last traded at $45.25 which is just over $44.42, the stock’s 50 day moving average and which is marginally higher than the 200 day moving average of $42.41. The 50 day moving average went up $0.83 or +1.87% and the 200 day average went up $2.84 or +6.69%.
The company currently has a P/E ratio of 10.65 and the market cap of the company is 251.91M. Traders are a little more bullish recently if you take into consideration the downtick in short interest. The firm saw a fall in short interest of -0.07% as of the latest report on September 15, 2016. Short shares decreased from 42,083 to 39,006 over that timeframe. With short interest at 39,006 and short average daily volume at 3,605, days to cover is 10.8 and the percentage of shorted shares was 0.01% on September 15.