Raymond James Reiterates Buy Rating on Cass Information Systems, Inc.
On July 1, Raymond James reiterated its buy rating for Cass Information Systems, Inc. with a $56 price target, a 9.12% upside from the current price.
Key Points
- Raymond James reiterated its buy rating for Cass Information Systems, Inc. (CASS) on July 1, 2026, with a price target of $56.
- Raymond James's $56 price target implies 9.12% upside from Cass Information Systems, Inc.'s ($CASS) current $51.32 share price.
- Shares of CASS traded near $51.32 on Wednesday, with a market cap of approximately $660.5 million and a P/E ratio of 21.93.
- Recent insider buying included Randall Schilling, Joseph Rupp, and Frank Wicks purchasing shares in June 2026.
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Raymond James reiterated its buy rating on Cass Information Systems, Inc. (NasdaqGS: CASS) on July 1, 2026. The firm set a price target of $56, reflecting confidence in the company's prospects.
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Cass Information Systems, Inc. Stock Down 9.4%
Shares of NasdaqGS:CASS traded near $51.32 on Wednesday. Cass Information Systems, Inc. has a market cap of about $660.5 million and a P/E ratio of 21.93. The stock's 52-week range is between $36.07 and $52.45, with a 50-day moving average of $47.66 and a 200-day moving average of $43.80. The company has a beta of 0.459, indicating lower volatility compared to the market.
$CASS price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Cass Information Systems reported revenues of $209.0 million, marking a 3.2% growth. Its net margin stands at 16.73%, and the return on equity is 13.15%. The next earnings report is expected on July 16, 2026.
Dividend
The company offers an annual dividend rate of $1.28, resulting in a yield of 2.49% with a payout ratio of 53.85%.
Insider Buying and Selling at Cass Information Systems, Inc.
In June 2026, insiders including Randall Schilling, Joseph Rupp, and Frank Wicks bought 262 shares each at an average price of $49.44. This follows earlier purchases in April 2026 by Joseph Rupp, Ann Walter Marr, and Frank Wicks, who each acquired 1,704 shares at $46.94.
Analysts Set New Price Targets
On July 1, 2026, Raymond James maintained its buy rating on Cass Information Systems with a $56 price target. The consensus among analysts is a buy rating with a mean target price of $52 across two opinions.
About Cass Information Systems, Inc.
Cass Information Systems, Inc. provides payment and information processing services to various industries in the U.S., including manufacturing and retail. Headquartered in Saint Louis, Missouri, the company operates through its Information Services and Banking Services segments. It offers services like freight invoice processing and telecom expense management, and runs Cass Commercial Bank, providing a range of banking services. Martin H. Resch serves as the CEO, leading a team of 923 employees.
Bottom Line
Raymond James' reiteration of its buy rating underscores the firm's confidence in Cass Information Systems, Inc.'s potential. As with all 13F filings and analyst reports, it's important for investors to remember these are backward-looking and may not reflect the current position or future performance of the stock. Keeping an eye on upcoming earnings and insider activity can provide further insights.
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