BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) Shares Up 0.3% – Here’s Why

BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP)’s stock price traded up 0.3% during trading on Thursday . The stock traded as high as $26.12 and last traded at $25.98. 498 shares traded hands during trading, a decline of 45% from the average session volume of 900 shares. The stock had previously closed at $25.91.

BFC Capital Trust II PFD TR 7.20% Trading Up 4.2%

The stock’s fifty day moving average price is $26.21 and its 200-day moving average price is $26.14.

BFC Capital Trust II PFD TR 7.20% Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.45 per share. The ex-dividend date was Wednesday, December 31st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.7%.

Institutional Trading of BFC Capital Trust II PFD TR 7.20%

A hedge fund recently bought a new stake in BFC Capital Trust II PFD TR 7.20% stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,586 shares of the company’s stock, valued at approximately $42,000.

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.