CASS INFORMATION SYSTEMS INC (CASS)
Financials · Financial services & business process outsourcing · NASDAQ
Cass Information Systems combines specialized B2B payment and information processing services with banking capabilities to provide mission-critical financial automation for large-scale enterprises.
What CASS INFORMATION SYSTEMS INC does
Cass Information Systems provides payment and information processing services to large manufacturing, distribution, and retail enterprises in the United States. Its core operations include freight invoice rating, auditing, and payment processing, as well as facility-related invoice management for utilities and telecommunications. The company, which operates a subsidiary bank, provides an integrated B2B payment platform and church management software for non-profit organizations.
Recent developments
In Q2 2026, the company reported record quarterly net income and EPS, driven by net interest margin expansion to 4.00% and a 7.4% increase in transportation dollar volumes. The company successfully executed a bad debt recovery of $1.8 million and continues to manage its share repurchase program, having repurchased 65,557 shares during the second quarter.
From CASS INFORMATION SYSTEMS INC's filing of 2026-08-05.
Themes: B2B payments, fintech, freight and logistics technology, utility expense management, banking services, enterprise outsourcing
Fundamentals
- Price$53.95 as of 2026-10-08 close
- Market cap$691M as of 2026-08-03 (share count; price 2026-10-08)
- 1-year return+39.8% 2025-10-08 close $38.59 → 2026-10-08 close $53.95
- P/E19.29 as of 2026-10-08
- Net margin+18.4% FY2025, SEC XBRL
- ROE+14.5% FY2025, SEC XBRL
- Debt / equity2.92 as of 2026-09-03
- Revenue growth (YoY)+4.3% as of 2026-09-03
- Revenue CAGR (3y)+1.5% SEC XBRL
- Beta0.58 as of 2026-09-03
- Last reported earnings2026-07-23 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +2.3%; 10-year non-decreasing per-share dividend streak (SEC XBRL).
How CASS compares in its sector
- price-to-earnings ratiotop 25% 513 covered Financials peers, as of 2026-10-08
- net profit marginmiddle range 344 covered Financials peers, as of 2026-09-03
- return on equitytop 25% 559 covered Financials peers, as of 2026-09-03
- 3-year revenue CAGRbottom 25% 347 covered Financials peers
- indicated dividend yieldmiddle range 468 covered Financials peers, as of 2026-09-03
- free cash flow (absolute dollars, latest fiscal year)middle range 430 covered Financials peers, as of FY2025
Position among covered Financials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Dividend coverage (FY2025)
Covered by reported results. In FY2025, CASS's dividend was covered by reported results (earnings payout 47%, free-cash-flow payout 52%). This describes past coverage, not a forecast.
- Earnings payout47% dividends / net income
- Free-cash-flow payout52% dividends / (operating cash flow − capex)
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How CASS INFORMATION SYSTEMS INC looks technically
CASS INFORMATION SYSTEMS INC (CASS) is trading 10.5% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 186 trading days ago — a "golden cross", a bullish long-term signal. A strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 29, with sellers in control. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 43, neither overbought (above 70) nor oversold (below 30). It made a new 20-day low about 7 trading days ago. Trading volume is unusually light — only about 49% of its 30-day average.
Trend
8
| Distance from the 200-day | it is trading 10.5% above its 200-day average, the long-term trend line — a longer-term uptrend | +10.5% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $55.85 | $55.85 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $48.82 | $48.82 |
| Swing structure | each recent peak has been higher than the one before it and each dip has been shallower — the pattern chart-watchers call an uptrend, which describes where price has already been and not where it goes next | higher highs and higher lows |
| Last swing turn | its last significant turn was a swing low 49 calendar days ago — the swings before that are what the structure reading is measured on | 49 sessions |
| Wave structure | its recent swings can be read as a five-part upward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five; the labelling fails if price closes below 51.6795. It is one of several labellings that fit, and it describes the swings already printed, not what comes next. The same swings also read as a three-part correction in leg C. | possible upward five-wave sequence, in wave 3 (one of several readings) |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 186 trading days ago — a "golden cross", a bullish long-term signal | 186 sessions |
| Trend strength (14-day ADX) | a strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 29, with sellers in control | 28.6 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 43, neither overbought (above 70) nor oversold (below 30) | 43.4 |
|---|---|---|
| Position in its 14-day range | it is trading in the lower half of its 14-day range ($52.75 to $55.63) — its "stochastic" reading is 42 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 41.7 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in negative territory (momentum leaning bearish) | 38 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $59.63 | $59.63 |
|---|---|---|
| From the 52-week high | it is 9.5% below its 52-week high (its highest price of the past year) | -9.5% |
| Above the 52-week low | it is 49.6% above its 52-week low (its lowest price of the past year) | +49.6% |
| Below the 52-week high | it is 9.5% below its highest point of the past year | 9.5% |
| Since a 20-day breakout | it made a new 20-day low about 7 trading days ago | 7 sessions |
| Since a 55-day breakout | it made a new 55-day high about 40 trading days ago | 40 sessions |
| All-time high | its highest closing price on record is $62.08 (set on 2018-06-22) | $62.08 |
| Given back of the 52-week move | over the past year its closes ranged ($36.78 to $58.54), and it has given back roughly a quarter of its rise from last year’s low — 21% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $44.40 to $45.09. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 21.1% |
| From the all-time high | it is 13.1% below its all-time high | -13.1% |
| Nearest price level | it is trading 2.1% above a support level at $52.80 — a price it turned at three times since 2026-04-27, most recently on 2026-10-01. Since 2024-10-08 it has 9 such levels below the current price and 0 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | -2.1% |
| All-time low | its lowest closing price on record is $4.13 (set on 2000-10-25) | $4.13 |
| Above the all-time low | it is 1207.6% above its all-time low | +1,208% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are narrower than usual versus its own recent 6-month history (tighter than about 85% of it) | 15th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $1.03 between its high and its low — about 1.9% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $1.03 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $53.00 and $55.88 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $53.00 – $54.44 – $55.88 |
| Typical daily range (% of price) | its price moves about 1.9% in a typical session — among the calmest in the catalog. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 1.9% |
| Stretch from the 200-day average | it is trading 5.0 daily ranges above its 200-day average price (10.5% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 5.0 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is unusually light — only about 49% of its 30-day average | 0.49× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | not available for this company yet | n/a |
Candlestick patterns
2
| Since a doji | 4 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 4 sessions ago |
|---|---|---|
| Since a bearish engulfing | 2 sessions ago it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it | 2 sessions ago |
Price gaps
2
| Gap at the open | it opened on 2026-10-08 at essentially the same price it closed at the session before — no meaningful overnight gap | +0.1% |
|---|---|---|
| Gap filled | a 8.9% gap down opened on 2026-08-20 has been "filled" 34 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 34 sessions ago |
Price streaks
1
| Closing streak | it closed higher in its latest session, after a session that did not close higher — a single up day rather than a run | 1 session up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 3.6 percentage points (the stock lost 2.5% while the market gained 1.0%) | -3.5% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock beat the market by 1.5 percentage points (the stock gained 5.3% while the market gained 3.8%) | +1.5% |
| vs market, 6 months | over the past 6 months this stock beat the market by 3.1 percentage points (the stock gained 20.6% while the market gained 17.5%) | +3.1% |
| vs market, 12 months | over the past 12 months this stock beat the market by 24.8 percentage points (the stock gained 39.8% while the market gained 15.0%) | +24.8% |
Signal agreement
2
| Bullish technical signals | 3 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average, outperforming the market over 6 months — these describe past price behaviour, not a forecast | 3 of 9 |
|---|---|---|
| Bearish technical signals | 2 of the 9 technical signals we can compute for it are currently in a bearish state: MACD momentum is negative, a strong downtrend, with sellers in control — these describe past price behaviour, not a forecast | 2 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading inside the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-01 and projected forward over today's price, the zone traders read as unresolved — neither side has established a trend, and the band is where that gets settled. The band itself is moderate, spanning 2.6% of the share price. | 0.0% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 10% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $49.21 — a volume-weighted average of daily closes over 192 sessions, not a true tick-by-tick VWAP. | +9.6% |
|---|---|---|
| Vs the average paid since it last reported | the price is 3% below the average price paid since it last reported on 2026-07-23 (its 8-K), so the typical buyer over that stretch is under water. That average is $55.77 — a volume-weighted average of daily closes over 54 sessions, not a true tick-by-tick VWAP. | -3.3% |
Price levels it has turned at before
CASS last closed at $53.95 on 2026-10-08. Since 2024-10-08 it has turned at 9 prices below its last close and 0 above; the 3 nearest below are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $52.80 | Support | 2.1% below the last close | turned there three times · 2026-04-27 to 2026-10-01 |
| $51.23 | Support | 5.0% below the last close | turned there three times · 2026-07-09 to 2026-08-20 |
| $47.20 | Support | 12.5% below the last close | turned there four times · 2024-11-06 to 2026-05-27 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part upward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five.
This labelling fails — stops being a possible reading at all — if it closes below $51.68.
This is one of several labellings that fit the same swings, so treat it as a reading rather than the reading. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.
On past moves of this shape the leg has usually ended somewhere between $60.01 and $65.16 — that is where it has tended to end if the count holds, not a forecast of where the price goes.
Alternate reading: The same swings also read as a three-part correction in leg C, which fails on a close below $51.68.
This reading has stood for 30 trading days, since 2026-08-27.
Read from daily closes as of 2026-10-08.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading above the 200-day moving average · Least volatile (2% or less typical daily range) · Under water since its last earnings report (below the anchored VWAP) · Trading inside the Ichimoku cloud · Elliott wave 3 candidates | Learn: moving average · golden cross · adx · rsi · breakout · volume and relative volume
Based on daily closing prices as of 2026-10-08. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Mean price target$59.50 range $58.00 – $61.00
Analyst estimates, as of 2026-10-07. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for CASS
- Consensus EPS estimate$0.8 next reporting period, as of 2026-10-07
- Estimate change, 30 days$0.00 (0.0%) from $0.8, on 2026-09-02, 35-day window
- Readings revised upward0% of 8 comparable readings
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Fluctuations in interest rates significantly impact net interest income and overall profitability.","Reliance on the willingness of large corporations to outsource essential business functions.","Operational risk related to payment processing, data management, and the financial performance of the company's bank subsidiary."]
What changed in the latest 10-Q
AI-assisted comparison of CASS's 10-Q filed 2026-08-05 against the prior one filed 2026-05-05.
Management's Discussion & Analysis (MD&A)
- Added:
- Newer filing (2026-08-05) adds a 'Recent Industry Developments and Items of Note' paragraph stating contract freight rates have recently begun to increase, together with fuel surcharges from rising diesel prices, are contributing to higher Transportation dollars processed and paid.
- Newer filing (2026-08-05) adds a summary table presenting second quarter and first half of 2026 versus 2025 results.
- Newer filing (2026-08-05) adds narrative paragraphs for second quarter of 2026 compared to second quarter of 2025 and first half of 2026 compared to first half of 2025.
- Newer filing (2026-08-05) adds first half of 2026 results (six months ended June 30, 2026) to the summary table and discussion.
- Removed:
- Older filing (2026-05-05) contains a 'Recent Industry Developments and Items of Note' paragraph about gradually increasing freight rates with declining volumes, increasing facility dollar volumes due to higher energy usage and prices, energy price drivers including aging power grid and data center demand. This paragraph is not present in the newer filing.
- Older filing (2026-05-05) contains a summary table and narrative for first quarter of 2026 compared to first quarter of 2025, which is absent from the newer filing.
- Older filing (2026-05-05) contains detailed disclosure of a $2.0 million bad debt recovery benefiting the prior year in the first quarter operating expense discussion.
- Reworded:
- The recent industry developments paragraph was rewritten between filings: older filing (2026-05-05) describes gradually increasing freight rates with declining volumes and facility dollar volume increases from higher energy usage and prices, while newer filing (2026-08-05) describes contract freight rate increases and fuel surcharges from rising diesel prices contributing to higher Transportation dollars processed and paid.
- Results of Operations introductory paragraph changed the comparison periods: older filing (2026-05-05) covers three months ended March 31, 2026 vs March 31, 2025; newer filing (2026-08-05) covers three months ended June 30, 2026 vs June 30, 2025 and six months ended June 30, 2026 vs June 30, 2025.
- Discontinued Operations paragraph changed the applicable reporting periods: older filing (2026-05-05) references three months ended March 31, 2026 and 2025; newer filing (2026-08-05) references three and six months ended June 30, 2026 and 2025.
- Operating expense comparison discussion changed: older filing (2026-05-05) states first quarter operating expense increased 7.6% due to prior year benefiting from a $2.0 million bad debt recovery; newer filing (2026-08-05) states second quarter operating expense decreased 3.5% primarily due to $1.8 million bad debt recovery, and first half operating expense increased 1.8%.
- Notes:
- The newer filing text appears truncated mid-table in the 'Transportation invoice dollar volume' row (ending at '$ 18,01'), so some later portions of the MD&A could not be compared.
- The older filing text appears truncated mid-sentence near the end ('The Company has recently seen increased demand for its quick pay s'), so some later portions of the MD&A could not be compared.
Risk Factors
- Reworded:
- Newer filing (filed 2026-08-05) refers to "the second quarter of 2026" in Item 5(b) regarding procedures by which security holders may recommend nominees; older filing (filed 2026-05-05) refers to "the first quarter of 2026".
- Notes:
- The Risk Factors text itself (Item 1A) is identical in both filings; the only change appears in other items of the provided section text.
- The comparison includes text beyond the formal Risk Factors item because the provided 'section' excerpts contained Items 1A through 6.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales are on record for CASS — recent Form 4 activity was compensation-related (awards, option exercises, or tax withholding), not open-market buying or selling.
View full insider trading history → View SEC Form 3/4/5 filingsOnly open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
5 institutional 13F filers reported holding CASS as of 2026-06-30 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 1,340,688
- Reported value $68,804,122
reported quarterly holdings change (2026-03-31 → 2026-06-30): 0 new, 2 increased, 3 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Ask about CASS's institutional holders → See what each manager we track holds →
Short interest (FINRA)
CASS had 435,372 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).
CASS had 3.40% of its shares outstanding sold short as of the 2026-09-15 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 6.45 days to cover at the same settlement.
- Reported short interest (shares) 435,372
- Short interest (% of shares outstanding) 3.40%
- Prior settlement (shares) 404,659
- Reported change 7.59%
- Days to cover (reported) 6.45
Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- U.S. Bancorp (USB)
- Wells Fargo (WFC)
- JPMorgan Chase (JPM)
- Bill.com (BILL)
- FleetCor Technologies (FLT)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does CASS INFORMATION SYSTEMS INC (CASS) do?
Cass Information Systems provides payment and information processing services to large manufacturing, distribution, and retail enterprises in the United States. Its core operations include freight invoice rating, auditing, and payment processing, as well as facility-related invoice management for utilities and telecommunications. The company, which operates a subsidiary bank, provides an integrated B2B payment platform and church management software for non-profit organizations.
What sector is CASS INFORMATION SYSTEMS INC (CASS) in?
CASS INFORMATION SYSTEMS INC (CASS) is classified in the Financials sector. Its industry is Financial services & business process outsourcing. It trades on NASDAQ.
Does CASS pay a dividend?
Yes — CASS INFORMATION SYSTEMS INC (CASS) pays a dividend, with an indicated yield of about 2.34% and 10-year non-decreasing per-share dividend streak (SEC EDGAR XBRL) (market data, as of 2026-09-03). Informational only — not financial advice.
Who are CASS INFORMATION SYSTEMS INC's (CASS) competitors?
Notable peers of CASS INFORMATION SYSTEMS INC (CASS) include U.S. Bancorp, Wells Fargo, JPMorgan Chase, Bill.com and FleetCor Technologies. This peer set is informational only — not financial advice.
Is CASS INFORMATION SYSTEMS INC (CASS) overbought or oversold right now?
CASS INFORMATION SYSTEMS INC (CASS) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 43, in the neutral middle (as of 2026-10-08). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on CASS come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.