Whittier Trust Co. of Nevada Inc. Buys Shares of 192,910 Chime Financial, Inc. $CHYM

Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Chime Financial, Inc. (NASDAQ:CHYM) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 192,910 shares of the company’s stock, valued at approximately $4,026,000. Whittier Trust Co. of Nevada Inc. owned 0.05% of Chime Financial at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CHYM. PFG Investments LLC acquired a new position in Chime Financial in the second quarter valued at about $350,000. Hennessy Advisors Inc. acquired a new stake in shares of Chime Financial during the second quarter valued at about $207,000. MADDEN SECURITIES Corp purchased a new stake in shares of Chime Financial in the 2nd quarter valued at approximately $582,000. Board of Trustees of The Leland Stanford Junior University acquired a new position in shares of Chime Financial in the 2nd quarter worth approximately $1,453,000. Finally, Jennison Associates LLC purchased a new position in shares of Chime Financial during the 2nd quarter worth approximately $3,766,000.

Chime Financial Stock Performance

Shares of Chime Financial stock opened at $26.46 on Monday. Chime Financial, Inc. has a one year low of $16.17 and a one year high of $44.94. The company has a market cap of $9.91 billion and a PE ratio of -3.56. The business has a 50-day simple moving average of $24.51 and a 200-day simple moving average of $24.76.

Chime Financial (NASDAQ:CHYM) last issued its earnings results on Wednesday, November 5th. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.25) by $0.10. The firm had revenue of $543.52 million during the quarter. During the same quarter last year, the business posted ($0.34) earnings per share. The firm’s quarterly revenue was up 28.8% compared to the same quarter last year.

Insider Activity

In other Chime Financial news, General Counsel Adam B. Frankel sold 4,382 shares of the firm’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $27.29, for a total value of $119,584.78. Following the sale, the general counsel directly owned 209,500 shares in the company, valued at $5,717,255. This trade represents a 2.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Matthew S. Newcomb sold 10,000 shares of Chime Financial stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $28.01, for a total value of $280,100.00. Following the sale, the chief financial officer directly owned 2,240,798 shares of the company’s stock, valued at $62,764,751.98. This trade represents a 0.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 256,539 shares of company stock valued at $6,973,943 over the last quarter.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CHYM. Rothschild & Co Redburn initiated coverage on shares of Chime Financial in a report on Monday. They issued a “neutral” rating and a $29.00 target price for the company. Arete Research initiated coverage on Chime Financial in a report on Tuesday, September 30th. They issued a “buy” rating and a $34.00 price objective on the stock. UBS Group decreased their target price on Chime Financial from $37.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Keefe, Bruyette & Woods lowered their target price on Chime Financial from $42.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. Finally, William Blair reaffirmed an “outperform” rating on shares of Chime Financial in a research report on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Chime Financial currently has an average rating of “Moderate Buy” and an average price target of $32.24.

Chime Financial Company Profile

Chime Financial is a U.S.-based financial technology company offering mobile-first banking services designed to reduce fees and simplify everyday transactions. Founded in 2013 and headquartered in San Francisco, Chime operates a digital bank platform that provides customers with a checking account, a savings account, and a debit card without monthly maintenance fees, overdraft charges, or foreign transaction fees. The company’s platform is accessible via its mobile app, enabling users to manage their finances, track spending, and access customer support from their smartphones.

At the core of Chime’s service offering is its fee-free spending account, which includes early access to direct deposit funds—up to two days before scheduled payday—and instant transaction alerts.