Short Interest in Cass Information Systems, Inc. (NASDAQ:CASS) Declines By 9.0%

Cass Information Systems, Inc. (NASDAQ:CASS) was the recipient of a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 160,800 shares, a decrease of 9.0% from the January 15th total of 176,800 shares. Currently, 1.3% of the company’s stock are sold short. Based on an average daily volume of 45,500 shares, the short-interest ratio is presently 3.5 days.

Institutional Trading of Cass Information Systems

Institutional investors and hedge funds have recently bought and sold shares of the business. Huntington National Bank raised its stake in Cass Information Systems by 72.9% in the fourth quarter. Huntington National Bank now owns 690 shares of the business services provider’s stock valued at $28,000 after buying an additional 291 shares during the period. Copeland Capital Management LLC bought a new position in shares of Cass Information Systems during the third quarter worth approximately $37,000. Aquatic Capital Management LLC bought a new position in shares of Cass Information Systems during the fourth quarter worth approximately $44,000. KLP Kapitalforvaltning AS bought a new position in shares of Cass Information Systems during the fourth quarter worth approximately $114,000. Finally, SG Americas Securities LLC bought a new position in shares of Cass Information Systems during the third quarter worth approximately $200,000. Institutional investors own 59.08% of the company’s stock.

Cass Information Systems Stock Performance

Shares of NASDAQ CASS opened at $45.08 on Wednesday. The stock has a 50 day moving average price of $41.87 and a 200 day moving average price of $42.15. Cass Information Systems has a 52 week low of $37.99 and a 52 week high of $49.16. The stock has a market capitalization of $611.74 million, a PE ratio of 32.67 and a beta of 0.72.

Cass Information Systems (NASDAQ:CASS) last released its quarterly earnings data on Thursday, January 23rd. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.10). Cass Information Systems had a net margin of 9.62% and a return on equity of 8.25%. As a group, research analysts forecast that Cass Information Systems will post 2.62 EPS for the current year.

Cass Information Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.24 annualized dividend and a yield of 2.75%. Cass Information Systems’s dividend payout ratio is 89.86%.

Cass Information Systems Company Profile

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.