BidaskClub Downgrades Cass Information Systems, Inc (CASS) to Sell
BidaskClub cut shares of Cass Information Systems, Inc (NASDAQ:CASS) from a hold rating to a sell rating in a report released on Tuesday morning.
Cass Information Systems (CASS) traded down 0.38% on Tuesday, reaching $66.11. The company’s stock had a trading volume of 7,294 shares. The firm has a market cap of $740.23 million, a price-to-earnings ratio of 29.38 and a beta of 1.17. The firm has a 50 day moving average of $66.00 and a 200 day moving average 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 issued its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.58 EPS for the quarter. Cass Information Systems had a return on equity of 12.06% and a net margin of 19.63%. The firm had revenue of $33.66 million for the quarter. Analysts anticipate that Cass Information Systems will post $2.07 earnings per share for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, September 5th will be issued a dividend of $0.23 per share. The ex-dividend date is Thursday, August 31st. This represents a $0.92 dividend on an annualized basis and a yield of 1.39%. Cass Information Systems’s dividend payout ratio (DPR) is 40.71%.
In related news, insider Robert J. Mathias sold 698 shares of the stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $65.00, for a total transaction of $45,370.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Gary B. Langfitt sold 750 shares of the stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $65.50, for a total value of $49,125.00. The disclosure for this sale can be found here. Corporate insiders own 5.01% of the company’s stock.
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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