Cass Information Systems (NASDAQ:CASS - Get Free Report) released 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. Cass Information Systems had a net margin of 9.62% and a return on equity of 8.25%. The firm had revenue of $46.41 million during the quarter, compared to analyst estimates of $51.49 million.
Cass Information Systems Trading Up 2.0 %
Shares of CASS stock traded up $0.81 on Tuesday, reaching $40.25. 27,006 shares of the company's stock were exchanged, compared to its average volume of 41,802. The company's fifty day simple moving average is $42.41 and its 200 day simple moving average is $42.46. The stock has a market capitalization of $541.90 million, a PE ratio of 29.16 and a beta of 0.49. Cass Information Systems has a 52 week low of $37.99 and a 52 week high of $47.14.
Cass Information Systems Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Tuesday, June 3rd will be given a dividend of $0.31 per share. The ex-dividend date is Tuesday, June 3rd. This represents a $1.24 annualized dividend and a dividend yield of 3.08%. Cass Information Systems's dividend payout ratio (DPR) is presently 81.58%.
About Cass Information Systems
(
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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.
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