
CASS Stock Forecast & Price Target
CASS Analyst Ratings
Bulls say
Cass Information Systems Inc. has demonstrated a strong financial position, as indicated by an increase in the Common Equity Tier 1 (CET1) ratio to a robust 14.54%, highlighting capital strength and resilience. Notably, facility dollar volumes surged by 14.7% quarter-over-quarter, driven by successful customer onboarding, indicating a positive trend in revenue generation within its Information Services segment. Additionally, the company's net interest margin (NIM) expanded to 3.55%, reflecting improved loan yields and suggesting effective management of interest-bearing assets.
Bears say
Cass Information Systems Inc. is facing a challenging financial environment characterized by a decline in its CET1 ratio, now sitting at a still robust 14.32%, but reflecting a 52 basis points decrease quarter-over-quarter. The company's outlook has been negatively impacted by ongoing weaknesses in the freight sector, significantly affecting transportation volumes, alongside specific issues with a major customer of CassPay. Furthermore, reducing earnings estimates for 2024 from $2.21 to $1.86 highlights heightened risks stemming from customer concentration, increased competition, and overall macroeconomic pressures on invoice dollar volume growth.
This aggregate rating is based on analysts' research of Cass Information Systems and is not a guaranteed prediction by Public.com or investment advice.
CASS Analyst Forecast & Price Prediction
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