Comerica Bank Has $217,000 Stock Holdings in Dream Finders Homes, Inc. (NASDAQ:DFH)

Comerica Bank raised its stake in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 12,001.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,318 shares of the company’s stock after buying an additional 9,241 shares during the period. Comerica Bank’s holdings in Dream Finders Homes were worth $217,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. First Horizon Advisors Inc. grew its position in Dream Finders Homes by 93.9% in the fourth quarter. First Horizon Advisors Inc. now owns 1,173 shares of the company’s stock worth $27,000 after acquiring an additional 568 shares in the last quarter. MetLife Investment Management LLC lifted its stake in shares of Dream Finders Homes by 5.8% in the 4th quarter. MetLife Investment Management LLC now owns 17,371 shares of the company’s stock valued at $404,000 after purchasing an additional 953 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Dream Finders Homes by 4.7% in the 4th quarter. Alliancebernstein L.P. now owns 26,011 shares of the company’s stock valued at $605,000 after purchasing an additional 1,161 shares during the last quarter. Precision Wealth Strategies LLC lifted its stake in shares of Dream Finders Homes by 13.4% in the 4th quarter. Precision Wealth Strategies LLC now owns 12,127 shares of the company’s stock valued at $282,000 after purchasing an additional 1,429 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Dream Finders Homes by 16.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,785 shares of the company’s stock valued at $251,000 after purchasing an additional 1,546 shares during the last quarter. 95.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Dream Finders Homes

In other news, CFO Lorena Anabel Ramsay sold 1,029 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $24.49, for a total transaction of $25,200.21. Following the sale, the chief financial officer now directly owns 184,213 shares of the company’s stock, valued at $4,511,376.37. This represents a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 70.45% of the company’s stock.

Dream Finders Homes Stock Up 1.9%

NASDAQ DFH opened at $23.63 on Friday. The stock has a market cap of $2.21 billion, a P/E ratio of 7.72, a PEG ratio of 1.28 and a beta of 1.95. The company’s 50-day simple moving average is $22.71 and its 200 day simple moving average is $24.86. Dream Finders Homes, Inc. has a twelve month low of $19.65 and a twelve month high of $39.15.

Dream Finders Homes (NASDAQ:DFH) last posted its earnings results on Tuesday, May 6th. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.05). Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. Dream Finders Homes’s revenue was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 earnings per share. Research analysts anticipate that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DFH shares. Bank of America cut their target price on shares of Dream Finders Homes from $33.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Wedbush reaffirmed a “neutral” rating and set a $26.00 price objective on shares of Dream Finders Homes in a research report on Tuesday, May 6th.

Dream Finders Homes Company Profile

Dream Finders Homes, Inc operates as a holding company for Dream Finders Homes LLC that engages in homebuilding business in the United States. The company operates through four segments: Southeast, Mid-Atlantic, Midwest, and Financial Services. It designs, constructs, and sells single-family entry-level, and first-time and second time move-up homes, as well as active adult homes and custom homes in Florida, Texas, Tennessee, North Carolina, South Carolina, Georgia, Colorado, and the Washington, DC metropolitan area.