M&T Bank Corp Increases Stake in Dream Finders Homes, Inc. (NASDAQ:DFH)

M&T Bank Corp increased its position in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 10.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,603 shares of the company’s stock after buying an additional 3,306 shares during the period. M&T Bank Corp’s holdings in Dream Finders Homes were worth $758,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in DFH. New York State Teachers Retirement System boosted its position in Dream Finders Homes by 14.6% during the first quarter. New York State Teachers Retirement System now owns 9,438 shares of the company’s stock valued at $213,000 after purchasing an additional 1,200 shares in the last quarter. GAMMA Investing LLC boosted its position in Dream Finders Homes by 907.1% during the first quarter. GAMMA Investing LLC now owns 5,962 shares of the company’s stock valued at $135,000 after purchasing an additional 5,370 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new stake in Dream Finders Homes during the fourth quarter valued at about $518,000. Deutsche Bank AG boosted its position in Dream Finders Homes by 58.3% during the fourth quarter. Deutsche Bank AG now owns 25,159 shares of the company’s stock valued at $585,000 after purchasing an additional 9,269 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in Dream Finders Homes by 50.7% during the fourth quarter. Wells Fargo & Company MN now owns 442,456 shares of the company’s stock valued at $10,296,000 after purchasing an additional 148,789 shares in the last quarter. Hedge funds and other institutional investors own 95.55% of the company’s stock.

Dream Finders Homes Price Performance

Shares of DFH stock opened at $28.24 on Tuesday. The company has a market cap of $2.64 billion, a P/E ratio of 9.23, a PEG ratio of 1.28 and a beta of 1.90. The stock’s 50-day moving average is $23.55 and its 200 day moving average is $23.16. Dream Finders Homes, Inc. has a 1-year low of $19.65 and a 1-year high of $39.15.

Dream Finders Homes (NASDAQ:DFH) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.05). Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. Dream Finders Homes’s revenue for the quarter was up 19.6% on a year-over-year basis. During the same period last year, the company posted $0.55 earnings per share. On average, analysts anticipate that Dream Finders Homes, Inc. will post 3.31 EPS for the current year.

Analyst Ratings Changes

Separately, 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.

Insiders Place Their Bets

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 10,687 shares of the firm’s stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $27.42, for a total value of $293,037.54. Following the completion of the sale, the chief executive officer owned 1,999,507 shares of the company’s stock, valued at approximately $54,826,481.94. This trade represents a 0.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 68.16% of the company’s stock.

About Dream Finders Homes

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.