Short Interest in BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) Declines By 47.6%

BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 1,100 shares, a drop of 47.6% from the July 15th total of 2,100 shares. Based on an average daily trading volume, of 3,000 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On 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 shares of BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 4,125 shares of the company’s stock, valued at approximately $105,000.

BFC Capital Trust II PFD TR 7.20% Price Performance

BANFP stock opened at $25.58 on Thursday. BFC Capital Trust II PFD TR 7.20% has a 12 month low of $24.70 and a 12 month high of $27.17. The company’s 50-day moving average price is $25.65 and its two-hundred day moving average price is $25.70.

BFC Capital Trust II PFD TR 7.20% Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 7.04%. The ex-dividend date was Friday, June 28th.