BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) Short Interest Update

BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 837 shares, a growth of 18.2% from the February 26th total of 708 shares. Based on an average trading volume of 498 shares, the short-interest ratio is currently 1.7 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BFC Capital Trust II PFD TR 7.20% stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,586 shares of the company’s stock, valued at approximately $42,000.

BFC Capital Trust II PFD TR 7.20% Price Performance

Shares of BFC Capital Trust II PFD TR 7.20% stock opened at $25.90 on Tuesday. The firm has a fifty day moving average price of $26.20 and a 200 day moving average price of $26.19. BFC Capital Trust II PFD TR 7.20% has a 1 year low of $25.50 and a 1 year high of $26.75.

BFC Capital Trust II PFD TR 7.20% Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend is Tuesday, March 31st.

BFC Capital Trust II is a Delaware statutory trust formed by BFC Financial Corporation to issue and manage its 7.20% cumulative redeemable trust preferred securities. The trust’s sole assets consist of junior subordinated debentures issued by BFC Financial Corporation, which were acquired using the net proceeds from the preferred securities offering. The securities trade on the Nasdaq under the ticker symbol BANFP.

The trust’s primary activity is the administration of these fixed-rate trust preferred securities.