News coverage about Cass Information Systems (NASDAQ:CASS) has trended somewhat positive recently, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cass Information Systems earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave press coverage about the business services provider an impact score of 47.8055919221374 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Cass Information Systems (NASDAQ CASS) traded down $0.42 during mid-day trading on Friday, reaching $62.76. 12,200 shares of the company’s stock were exchanged, compared to its average volume of 27,487. Cass Information Systems has a 1-year low of $58.10 and a 1-year high of $74.83. The company has a market cap of $705.49, a PE ratio of 27.23 and a beta of 1.18.
Cass Information Systems (NASDAQ:CASS) last issued its earnings results on Thursday, October 26th. The business services provider reported $0.61 earnings per share (EPS) for the quarter. Cass Information Systems had a net margin of 19.71% and a return on equity of 12.05%. The business had revenue of $34.30 million for the quarter.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, December 5th will be issued a dividend of $0.24 per share. This is a boost from Cass Information Systems’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, December 4th. This represents a $0.96 dividend on an annualized basis and a yield of 1.53%. Cass Information Systems’s payout ratio is presently 39.66%.
Cass Information Systems announced that its Board of Directors has initiated a share repurchase plan on Thursday, October 26th that allows the company to buyback 500,000 outstanding shares. This buyback authorization allows the business services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
Separately, BidaskClub cut shares of Cass Information Systems from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th.
Cass Information Systems Company Profile
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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