Cass Information Systems (NASDAQ:CASS) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Cass Information Systems (NASDAQ:CASS) issued its earnings results on Thursday. The business services provider reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03, Zacks reports. Cass Information Systems had a return on equity of 8.25% and a net margin of 9.62%.

Cass Information Systems Trading Down 0.7 %

Cass Information Systems stock opened at $39.68 on Thursday. The company has a market capitalization of $534.29 million, a P/E ratio of 28.75 and a beta of 0.49. Cass Information Systems has a 1-year low of $37.99 and a 1-year high of $47.14. The firm’s fifty day simple moving average is $42.69 and its 200-day simple moving average is $42.46.

Cass Information Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend was Tuesday, March 4th. Cass Information Systems’s dividend payout ratio is 89.86%.

About Cass Information Systems

Cass Information Systems, Inc provides payment and information processing services to manufacturing, distribution, and retail enterprises in the United States. The company operates through two segments, Information Services and Banking Services. Its services include freight invoice rating, payment processing, auditing, and the generation of accounting and transportation information.