News headlines about Cass Information Systems (NASDAQ:CASS) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cass Information Systems earned a coverage optimism score of 0.23 on Accern’s scale. Accern also gave media stories about the business services provider an impact score of 46.2527605494631 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern’s scoring:
- Cass Information Systems, Inc (NASDAQ:CASS) Announces Quarterly Earnings Results (americanbankingnews.com)
- CASS INFORMATION SYSTEMS INC : Results of Operations and Financial Condition, Other Events, Financial Statements and Exhibits (form 8-K) (4-traders.com)
- 2nd Quarter 2017 Earnings Up 12% at Cass Information Systems, Inc. (tmcnet.com)
- CORRECTING and REPLACING 2nd Quarter 2017 Earnings Up 12% at Cass Information Systems, Inc. (finance.yahoo.com)
- Cass posts 2Q profit (finance.yahoo.com)
Separately, BidaskClub cut shares of Cass Information Systems from a “hold” rating to a “sell” rating in a research report on Tuesday.
Shares of Cass Information Systems (NASDAQ CASS) traded down 0.38% during midday trading on Friday, hitting $66.11. 7,294 shares of the stock were exchanged. The firm has a market cap of $740.23 million, a PE ratio of 29.38 and a beta of 1.17. The firm has a 50-day moving average price of $66.00 and a 200 day moving average price of $65.14. Cass Information Systems has a 12-month low of $50.82 and a 12-month high of $74.83.
Cass Information Systems (NASDAQ:CASS) last announced its earnings results on Thursday, July 27th. The business services provider reported $0.58 earnings per share for the quarter. Cass Information Systems had a net margin of 19.63% and a return on equity of 12.06%. The firm had revenue of $33.66 million during the quarter. Analysts predict that Cass Information Systems will post $2.07 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, September 5th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Thursday, August 31st. Cass Information Systems’s payout ratio is 40.71%.
In other news, insider Robert J. Mathias sold 698 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $65.00, for a total transaction of $45,370.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Gary B. Langfitt sold 750 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $65.50, for a total transaction of $49,125.00. The disclosure for this sale can be found here. Insiders own 5.01% of the company’s stock.
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About Cass Information Systems
Cass Information Systems, Inc (Cass) is a provider of payment and information processing services to manufacturing, distribution and retail enterprises across the United States with operating locations in Missouri, Ohio, Massachusetts, South Carolina and Florida. The Company provides transportation invoice rating, payment processing, auditing, accounting and transportation information.
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