Parkside Financial Bank & Trust Sells 1,000 Shares of Cass Information Systems, Inc. (NASDAQ:CASS)

Parkside Financial Bank & Trust lowered its position in Cass Information Systems, Inc. (NASDAQ:CASS) by 16.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,023 shares of the business services provider’s stock after selling 1,000 shares during the period. Parkside Financial Bank & Trust’s holdings in Cass Information Systems were worth $205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its stake in Cass Information Systems by 7.7% in the fourth quarter. Bank of New York Mellon Corp now owns 87,456 shares of the business services provider’s stock worth $3,578,000 after purchasing an additional 6,236 shares during the last quarter. Rhumbline Advisers increased its position in shares of Cass Information Systems by 1.1% during the fourth quarter. Rhumbline Advisers now owns 27,482 shares of the business services provider’s stock worth $1,124,000 after acquiring an additional 303 shares during the period. Towneley Capital Management Inc DE purchased a new position in shares of Cass Information Systems during the fourth quarter worth approximately $611,000. SG Americas Securities LLC increased its position in shares of Cass Information Systems by 30.5% during the fourth quarter. SG Americas Securities LLC now owns 6,295 shares of the business services provider’s stock worth $258,000 after acquiring an additional 1,470 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Cass Information Systems by 140.9% during the third quarter. JPMorgan Chase & Co. now owns 23,241 shares of the business services provider’s stock worth $964,000 after acquiring an additional 13,593 shares during the period. Institutional investors own 59.08% of the company’s stock.

Cass Information Systems Stock Performance

Shares of NASDAQ:CASS opened at $43.71 on Friday. The firm has a market cap of $593.10 million, a PE ratio of 31.67 and a beta of 0.72. The firm’s 50 day simple moving average is $41.95 and its 200-day simple moving average is $42.40. Cass Information Systems, Inc. has a one year low of $37.99 and a one year high of $49.16.

Cass Information Systems (NASDAQ:CASS) last issued its earnings results on Thursday, January 23rd. The business services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.10). Cass Information Systems had a return on equity of 8.25% and a net margin of 9.62%. Equities research analysts predict that Cass Information Systems, Inc. will post 2.62 EPS for the current fiscal year.

Cass Information Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Tuesday, March 4th. Cass Information Systems’s dividend payout ratio (DPR) is presently 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.