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Martin H. Resch, President and CEO of Cass Information Systems (NASDAQ:CASS), recently purchased 500 shares of the company’s common stock. The transaction, which occurred on July 31, 2025, involved the acquisition of shares at $39.75, totaling $19,875. The purchase price sits near the stock’s 52-week low of $37.99, with InvestingPro analysis suggesting the stock is currently undervalued.
Following the transaction, Resch directly owns 40,920 shares of Cass Information Systems, including restricted stock bonus shares subject to vesting and forfeiture. The company, with a market capitalization of $520 million, boasts a remarkable 23-year streak of dividend increases. InvestingPro subscribers can access additional insights, including 5 more ProTips and detailed financial health metrics for CASS.
In other recent news, Cass Information Systems reported softer-than-expected quarterly results, with weaker 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. Additionally, there was a contraction in loan balances and a 5 basis point increase in interest-bearing deposit costs to 2.71% quarter-over-quarter. Despite these challenges, Raymond (NSE:RYMD) James has reiterated an Outperform rating for Cass Information Systems and maintained a $50.00 price target. The firm also initiated coverage of the company with the same rating and price target. Cass Information Systems operates two divisions, with a community bank making up 46% of its first-quarter 2025 assets and a payments division that processes over $90 billion annually in transportation and utilities payments. These developments reflect recent activities and assessments concerning the company’s financial performance and market position.
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