Trump announces 100% chip tariff as Apple ups U.S. investment
Michael James Normile, Chief Financial Officer of Cass Information Systems Inc (NASDAQ:CASS), acquired 200 shares of common stock on August 1, 2025, at a price of $39.61, for a total transaction value of $7,922. The purchase comes as InvestingPro analysis indicates the stock is currently undervalued, with the company maintaining a strong dividend track record of 23 consecutive years of increases and a current yield of 3.1%.
Following the transaction, Normile directly owns 15,910 shares of Cass Information Systems, which includes restricted stock bonus shares subject to vesting and forfeiture. The $543 million market cap company maintains robust financials with a healthy current ratio of 1.11 and minimal debt-to-equity of 0.02. InvestingPro subscribers can access 3 additional exclusive insights about CASS’s financial health and growth prospects.
In other recent news, Cass Information Systems reported weaker-than-expected quarterly results, with core earnings per share and pre-provision net revenue falling short of projections. The company faced challenges due to a smaller balance sheet, which led to reduced net interest income. Additionally, there were modest declines in non-transportation expense management payment-related fees and contracting loan balances. Interest-bearing deposit costs increased by 5 basis points quarter-over-quarter to 2.71%. Despite these softer results, Raymond (NSE:RYMD) James reiterated an Outperform rating on Cass Information Systems, maintaining a $50.00 price target. This reflects confidence in the company’s potential despite current challenges. Raymond James also recently initiated coverage on Cass Information Systems with an Outperform rating, further emphasizing their positive outlook. These developments indicate continued interest and analysis from financial firms regarding Cass Information Systems’ performance and prospects.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.