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

Cass Information Systems (NASDAQ:CASS) is scheduled to be posting its quarterly earnings results on Monday, April 15th.

Cass Information Systems (NASDAQ:CASS) last issued its earnings results on Thursday, January 25th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.13. Cass Information Systems had a net margin of 15.22% and a return on equity of 13.84%. The business 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 %

CASS opened at $45.44 on Friday. The company has a fifty day moving average price of $46.70 and a two-hundred day moving average price of $43.09. Cass Information Systems has a 1-year low of $35.05 and a 1-year high of $50.25. The company has a market cap of $619.35 million, a P/E ratio of 20.84 and a beta of 0.73.

Cass Information Systems Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CASS. Citigroup Inc. raised its stake in shares of Cass Information Systems by 389.7% during the 2nd quarter. Citigroup Inc. now owns 5,837 shares of the business services provider’s stock worth $226,000 after purchasing an additional 4,645 shares during the period. BNP Paribas Arbitrage SNC raised its holdings in shares of Cass Information Systems by 27.2% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 6,356 shares of the business services provider’s stock worth $220,000 after purchasing an additional 1,358 shares during the period. Great West Life Assurance Co. Can lifted its stake in Cass Information Systems by 477.3% in the first quarter. Great West Life Assurance Co. Can now owns 4,722 shares of the business services provider’s stock valued at $205,000 after purchasing an additional 3,904 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in Cass Information Systems during the fourth quarter valued at $200,000. Finally, Vestcor Inc purchased a new stake in Cass Information Systems in the fourth quarter worth $191,000. 59.08% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Piper Sandler raised Cass Information Systems from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $45.00 to $51.00 in a research report on Monday, February 12th. TheStreet cut shares of Cass Information Systems from a “b-” rating to a “c” rating in a report on Thursday, January 25th. Finally, StockNews.com raised shares of Cass Information Systems from a “hold” rating to a “buy” rating in a research report on Friday, March 8th.

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.