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

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Huntington National Bank lifted its holdings 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 acquiring an additional 291 shares during the last quarter. Copeland Capital Management LLC acquired a new position in Cass Information Systems in the third quarter valued at approximately $37,000. Aquatic Capital Management LLC acquired a new position in Cass Information Systems in the fourth quarter valued at approximately $44,000. KLP Kapitalforvaltning AS purchased a new stake in Cass Information Systems in the fourth quarter valued at approximately $114,000. Finally, SG Americas Securities LLC purchased a new stake in Cass Information Systems in the third quarter valued at approximately $200,000. 59.08% of the stock is currently owned by institutional investors and hedge funds.

Cass Information Systems Price Performance

CASS stock traded up $0.49 during trading on Tuesday, hitting $45.08. The stock had a trading volume of 29,799 shares, compared to its average volume of 48,868. Cass Information Systems has a twelve month low of $37.99 and a twelve month high of $49.16. The stock has a market capitalization of $611.74 million, a P/E ratio of 32.67 and a beta of 0.72. The company’s 50-day moving average price is $41.87 and its two-hundred day moving average price is $42.15.

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

Cass Information Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Tuesday, March 4th. Cass Information Systems’s dividend payout ratio is currently 89.86%.

About Cass Information Systems

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.