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Martin H. Resch, President and CEO of Cass Information Systems (NASDAQ:CASS), has purchased 500 shares of common stock on August 1, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The $541 million market cap company currently shows a FAIR financial health score according to InvestingPro data.
The shares were bought at a price of $39.50, for a total transaction value of $19,750. Following the transaction, Resch directly owns 41,420 shares of Cass Information Systems, including restricted stock bonus shares subject to vesting and forfeiture. The company stands out with a 23-year streak of dividend increases and currently offers a 3.1% dividend yield. InvestingPro analysis suggests the stock is currently undervalued, with additional metrics and insights available to subscribers.
In other recent news, Cass Information Systems reported weaker-than-expected core earnings per share and pre-provision net revenue. The company faced challenges such as a smaller balance sheet, which led to reduced net interest income, along with modest declines in non-transportation expense management payment-related fees and contracting loan balances. Additionally, there was a 5 basis point quarter-over-quarter increase in interest-bearing deposit costs to 2.71%. Despite these softer-than-anticipated results, Raymond (NSE:RYMD) James has reiterated an Outperform rating on Cass Information Systems with a price target of $50.00. This rating suggests confidence in the company’s future prospects despite current challenges. Raymond James also initiated coverage on Cass Information Systems with an Outperform rating, highlighting its operations in both a community bank and a payments division. The payments division processes more than $90 billion in annual payment volume across the transportation and utilities sectors. These recent developments provide insight into the company’s current financial situation and market positioning.
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