Cass Information Systems (NASDAQ:CASS) Releases Quarterly Earnings Results

Cass Information Systems (NASDAQ:CASS) released its quarterly earnings data on Thursday. The business services provider reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03, Zacks reports. The business had revenue of $46.41 million during the quarter, compared to analyst estimates of $51.49 million. Cass Information Systems had a return on equity of 8.25% and a net margin of 9.62%.

Cass Information Systems Trading Down 0.5 %

CASS stock opened at $39.48 on Friday. Cass Information Systems has a one year low of $37.99 and a one year high of $47.14. The firm has a 50-day moving average of $42.51 and a two-hundred day moving average of $42.44. The firm has a market capitalization of $531.60 million, a PE ratio of 28.61 and a beta of 0.49.

Cass Information Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th were issued a dividend of $0.31 per share. The ex-dividend date was Tuesday, March 4th. This represents a $1.24 annualized dividend and a yield of 3.14%. Cass Information Systems’s payout ratio is presently 89.86%.

Cass Information Systems Company Profile

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.