Cass Information Systems Authorizes Stock Repurchase Program
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Cass Information Systems' Board of Directors has authorized a stock repurchase program for up to 1,000,000 shares, replacing a previous authorization of 500,000 shares. This initiative aims to enhance capital return flexibility and mitigate stock-based compensation dilution. The company has a stable financial base with zero debt but faces challenges in profitability. Analysts rate CASS stock as a Buy with a $45.00 price target, while TipRanks' AI Analyst suggests a Neutral outlook due to technical indicators and valuation metrics.
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