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

Cass Information Systems (NASDAQ:CASS) announced its earnings results on Thursday. The business services provider reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.03, Zacks reports. The company had revenue of $46.41 million for the quarter, compared to analysts’ expectations of $51.49 million. Cass Information Systems had a net margin of 9.62% and a return on equity of 8.25%.

Cass Information Systems Stock Down 0.5 %

Shares of CASS stock opened at $39.48 on Friday. Cass Information Systems has a fifty-two week low of $37.99 and a fifty-two week high of $47.14. The firm’s 50 day moving average price is $42.51 and its two-hundred day moving average price is $42.44. The stock has a market cap of $531.60 million, a price-to-earnings ratio of 28.61 and a beta of 0.49.

Cass Information Systems Dividend Announcement

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