Cass Information Systems (CASS) Receives Media Sentiment Score of 0.19
News headlines about Cass Information Systems (NASDAQ:CASS) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Cass Information Systems earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave headlines about the business services provider an impact score of 46.2624131702824 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Cass Information Systems (CASS) opened at $57.65 on Friday. The firm has a market cap of $708.11, a PE ratio of 27.33 and a beta of 1.21. Cass Information Systems has a 52 week low of $53.23 and a 52 week high of $66.74.
Cass Information Systems (NASDAQ:CASS) last posted its earnings results on Thursday, October 26th. The business services provider reported $0.61 earnings per share for the quarter. The business had revenue of $34.30 million for the quarter. Cass Information Systems had a net margin of 19.71% and a return on equity of 12.05%.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Tuesday, December 5th were paid a $0.24 dividend. The ex-dividend date was Monday, December 4th. This represents a $0.96 dividend on an annualized basis and a yield of 1.67%. This is a boost from Cass Information Systems’s previous quarterly dividend of $0.21. Cass Information Systems’s payout ratio is presently 45.52%.
Cass Information Systems announced that its board has authorized a share buyback plan on Thursday, October 26th that allows the company to repurchase 500,000 outstanding shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
Separately, BidaskClub cut shares of Cass Information Systems from a “hold” rating to a “sell” rating in a research note on Saturday.
In related news, CEO Eric H. Brunngraber sold 3,268 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $62.51, for a total value of $204,282.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 5.01% of the company’s stock.
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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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