Cass Information Systems (CASS) Scheduled to Post Quarterly Earnings on Monday

Cass Information Systems (NASDAQ:CASSGet Free Report) is scheduled to be announcing its earnings results on Monday, April 15th.

Cass Information Systems (NASDAQ:CASSGet Free Report) last released its quarterly earnings results on Thursday, January 25th. The business services provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.13. Cass Information Systems had a return on equity of 13.84% and a net margin of 15.22%. The firm had revenue of $50.74 million for the quarter, compared to analyst estimates of $48.33 million. On average, analysts expect Cass Information Systems to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Cass Information Systems Trading Down 2.0 %

NASDAQ CASS opened at $45.44 on Friday. The business’s 50-day moving average price is $46.70 and its two-hundred day moving average price is $43.09. Cass Information Systems has a 12 month low of $35.05 and a 12 month high of $50.25. The firm has a market capitalization of $619.35 million, a PE ratio of 20.84 and a beta of 0.73.

Cass Information Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend was Monday, March 4th. Cass Information Systems’s dividend payout ratio is 55.05%.

Hedge Funds Weigh In On Cass Information Systems

Several institutional investors have recently modified their holdings of CASS. Swiss National Bank grew its holdings in Cass Information Systems by 4.3% during the first quarter. Swiss National Bank now owns 31,452 shares of the business services provider’s stock valued at $1,161,000 after purchasing an additional 1,300 shares during the period. Raymond James Financial Services Advisors Inc. bought a new position in shares of Cass Information Systems in the first quarter worth $1,266,000. Bank of New York Mellon Corp boosted its holdings in shares of Cass Information Systems by 1.0% in the first quarter. Bank of New York Mellon Corp now owns 101,668 shares of the business services provider’s stock worth $3,752,000 after acquiring an additional 963 shares during the period. Acadian Asset Management LLC bought a new position in shares of Cass Information Systems in the first quarter worth $42,000. Finally, MetLife Investment Management LLC boosted its holdings in shares of Cass Information Systems by 49.7% in the first quarter. MetLife Investment Management LLC now owns 8,536 shares of the business services provider’s stock worth $315,000 after acquiring an additional 2,833 shares during the period. 59.08% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CASS. Piper Sandler raised Cass Information Systems from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $45.00 to $51.00 in a research note on Monday, February 12th. TheStreet downgraded Cass Information Systems from a “b-” rating to a “c” rating in a research note on Thursday, January 25th. Finally, StockNews.com raised Cass Information Systems from a “hold” rating to a “buy” rating in a research note on Friday, March 8th.

Check Out Our Latest Stock Report on CASS

Cass Information Systems Company Profile

(Get Free Report)

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.

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Earnings History for Cass Information Systems (NASDAQ:CASS)

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