BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) Short Interest Up 18.2% in March

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 days-to-cover ratio is presently 1.7 days.

Institutional Trading of BFC Capital Trust II PFD TR 7.20%

An institutional investor recently bought a new position in BFC Capital Trust II PFD TR 7.20% stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,586 shares of the company’s stock, valued at approximately $42,000.

BFC Capital Trust II PFD TR 7.20% Stock Performance

BANFP opened at $26.26 on Thursday. The stock’s fifty day simple moving average is $26.20 and its 200 day simple moving average is $26.18. 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% Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders 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 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.