Cass Information Systems(CASS)

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Cass (CASS) Loses -8.56% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
ZACKS· 2024-12-30 15:36
Core Viewpoint - Cass Information Systems (CASS) has experienced significant selling pressure, resulting in an 8.6% decline over the past four weeks, but analysts anticipate a rebound as the stock is now in oversold territory and expected to report better earnings than previously predicted [3]. Group 1: Technical Indicators - The Relative Strength Index (RSI) is utilized to determine if a stock is oversold, with a reading below 30 indicating oversold conditions [4]. - CASS's current RSI reading is 28.76, suggesting that the heavy selling may be exhausting itself and a trend reversal could occur soon [5]. Group 2: Fundamental Indicators - There is a consensus among sell-side analysts to raise earnings estimates for CASS, leading to a 1.4% increase in the consensus EPS estimate over the last 30 days [6]. - CASS holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a strong potential for a turnaround [6].
Here's Why Cass (CASS) is Poised for a Turnaround After Losing -7.51% in 4 Weeks
ZACKS· 2024-12-24 15:35
Core Viewpoint - Cass Information Systems (CASS) has faced significant selling pressure, resulting in a 7.5% decline in stock price over the past four weeks, but analysts anticipate better earnings than previously expected, indicating potential for recovery [1]. Group 1: Technical Indicators - The Relative Strength Index (RSI) is a key technical indicator used to identify oversold conditions, with a reading below 30 typically indicating that a stock is oversold [2]. - CASS has an RSI reading of 26.92, suggesting that the heavy selling may be exhausting itself, which could lead to a price rebound as the stock seeks to return to its previous equilibrium [3]. Group 2: Fundamental Indicators - There is a strong consensus among sell-side analysts regarding an increase in earnings estimates for CASS, with a 1.4% rise in the consensus EPS estimate over the last 30 days, which often correlates with price appreciation [6]. - CASS holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further supporting the potential for a turnaround [6].
Cass Information Systems: Safe Dividend But Efficiency Needs Urgent Improvement
Seeking Alpha· 2024-11-13 15:30
Group 1 - Cass Information Systems (NASDAQ: CASS) has made recent investments aimed at improving efficiency and boosting margins, although the current situation remains challenging [1] - Despite the challenges faced, the stock price of CASS has increased by over 40% [1] Group 2 - The article does not provide additional relevant content regarding the industry or company beyond the key points summarized above [1]
Cass Information Systems(CASS) - 2024 Q3 - Quarterly Report
2024-11-07 21:15
Table of Contents ____________________ ____________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ___________________________ FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File No. 000-20827 CASS INFORMATION SYSTEMS ...
Cass Information Systems (CASS) Lags Q3 Earnings Estimates
ZACKS· 2024-10-17 14:40
Cass Information Systems (CASS) came out with quarterly earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -58%. A quarter ago, it was expected that this invoice and payment management company would post earnings of $0.53 per share when it actually produced earnings of $0.32, delivering a surprise of -39.62%. ...
Cass Information Systems(CASS) - 2024 Q3 - Quarterly Results
2024-10-17 13:23
Exhibit 99.1 Contact: Cass Investor Relations ir@cassinfo.com October 17, 2024 Cass Information Systems reports Third Quarter 2024 Results Third Quarter Results (All comparisons refer to the third quarter of 2023, except as noted) • Net income of $2.9 million, or $0.21 per diluted common share (includes $6.6 million of bad debt expense on a funding receivable related to a facility client). • Increase in net interest margin to 3.55%. • Increase in facility expense transaction volumes of 26.3%. • Increased qu ...
Cass Information Systems(CASS) - 2024 Q2 - Quarterly Report
2024-08-06 19:52
Table of Contents ____________________ ____________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ___________________________ FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File No. 000-20827 CASS INFORMATION SYSTEMS, INC ...
Is the Options Market Predicting a Spike in Cass Information Systems (CASS) Stock?
ZACKS· 2024-07-19 13:31
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy. Given the way analysts feel about Cass Information Systems right now, ...
Cass Information Systems (CASS) Q2 Earnings and Revenues Miss Estimates
ZACKS· 2024-07-18 14:41
Cass Information Systems (CASS) came out with quarterly earnings of $0.32 per share, missing the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive tr ...
Cass Information Systems(CASS) - 2024 Q2 - Quarterly Results
2024-07-18 13:02
Cass Information Systems reports Second Quarter 2024 Results (All comparisons refer to the second quarter of 2023, except as noted) ST. LOUIS – Cass Information Systems, Inc. (Nasdaq: CASS), (the Company or Cass) reported second quarter 2024 earnings of $0.32 per diluted share, as compared to $0.52 in the second quarter of 2023 and $0.52 in the first quarter of 2024. Net income for the period was $4.5 million, as compared to $7.1 million in the second quarter of 2023 and $7.2 million in the first quarter of ...