Cass Information Systems, Inc. (NASDAQ:CASS) Short Interest Update

Cass Information Systems, Inc. (NASDAQ:CASS - Get Free Report) was the recipient of a large decline in short interest in January. As of January 31st, there was short interest totalling 160,800 shares, a decline of 9.0% from the January 15th total of 176,800 shares. Currently, 1.3% of the company's stock are sold short. Based on an average daily volume of 45,500 shares, the days-to-cover ratio is currently 3.5 days.

Cass Information Systems Stock Down 2.7 %

NASDAQ CASS traded down $1.19 during trading hours on Friday, hitting $43.16. 75,419 shares of the company were exchanged, compared to its average volume of 48,830. The company has a 50 day moving average of $41.89 and a two-hundred day moving average of $42.21. The firm has a market cap of $585.61 million, a price-to-earnings ratio of 31.27 and a beta of 0.72. Cass Information Systems has a 52-week low of $37.99 and a 52-week high of $49.16.

Cass Information Systems (NASDAQ:CASS - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The business services provider reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.10). Cass Information Systems had a net margin of 9.62% and a return on equity of 8.25%. On average, equities research analysts predict that Cass Information Systems will post 2.62 EPS for the current year.

Cass Information Systems Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.24 annualized dividend and a dividend yield of 2.87%. Cass Information Systems's dividend payout ratio is currently 89.86%.

Hedge Funds Weigh In On Cass Information Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CASS. Huntington National Bank raised its holdings in Cass Information Systems by 72.9% during the fourth quarter. Huntington National Bank now owns 690 shares of the business services provider's stock worth $28,000 after purchasing an additional 291 shares in the last quarter. Copeland Capital Management LLC acquired a new stake in Cass Information Systems during the 3rd quarter worth $37,000. Aquatic Capital Management LLC acquired a new stake in Cass Information Systems during the 4th quarter worth $44,000. KLP Kapitalforvaltning AS acquired a new position in Cass Information Systems in the fourth quarter valued at $114,000. Finally, SG Americas Securities LLC acquired a new position in Cass Information Systems in the third quarter valued at $200,000. 59.08% of the stock is owned by institutional investors and hedge funds.

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.