First National Bank of Omaha Purchases 300 Shares of Cass Information Systems, Inc. (NASDAQ:CASS)

First National Bank of Omaha increased its position in shares of Cass Information Systems, Inc. (NASDAQ:CASS) by 3.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,441 shares of the business services provider’s stock after buying an additional 300 shares during the period. First National Bank of Omaha’s holdings in Cass Information Systems were worth $392,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CASS. Ellsworth Advisors LLC boosted its holdings in shares of Cass Information Systems by 9.4% during the 2nd quarter. Ellsworth Advisors LLC now owns 10,809 shares of the business services provider’s stock worth $433,000 after buying an additional 930 shares during the period. Tributary Capital Management LLC boosted its holdings in shares of Cass Information Systems by 0.3% during the 2nd quarter. Tributary Capital Management LLC now owns 302,577 shares of the business services provider’s stock worth $12,124,000 after buying an additional 912 shares during the period. Bank of New York Mellon Corp raised its stake in Cass Information Systems by 7.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 90,157 shares of the business services provider’s stock valued at $3,613,000 after purchasing an additional 6,071 shares during the last quarter. Speece Thorson Capital Group Inc. raised its stake in Cass Information Systems by 39.8% during the 2nd quarter. Speece Thorson Capital Group Inc. now owns 222,081 shares of the business services provider’s stock valued at $8,899,000 after purchasing an additional 63,280 shares during the last quarter. Finally, IFG Advisory LLC raised its stake in Cass Information Systems by 7.7% during the 2nd quarter. IFG Advisory LLC now owns 45,116 shares of the business services provider’s stock valued at $1,808,000 after purchasing an additional 3,208 shares during the last quarter. 59.08% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Piper Sandler upped their target price on shares of Cass Information Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, October 18th.

Cass Information Systems Price Performance

NASDAQ:CASS opened at $44.13 on Tuesday. The stock has a market cap of $598.84 million, a P/E ratio of 26.58 and a beta of 0.72. Cass Information Systems, Inc. has a one year low of $37.99 and a one year high of $50.25. The company has a fifty day moving average price of $43.07 and a 200 day moving average price of $41.99.

Cass Information Systems (NASDAQ:CASS) last released its earnings results on Thursday, October 17th. The business services provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.29). Cass Information Systems had a net margin of 11.52% and a return on equity of 9.92%. The company had revenue of $50.55 million for the quarter, compared to analyst estimates of $48.99 million. As a group, equities research analysts anticipate that Cass Information Systems, Inc. will post 1.48 EPS for the current year.

Cass Information Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Tuesday, December 3rd will be paid a $0.31 dividend. This is a boost from Cass Information Systems’s previous quarterly dividend of $0.30. The ex-dividend date is Tuesday, December 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.81%. Cass Information Systems’s dividend payout ratio is currently 74.70%.

Cass Information Systems 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.