BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) Sees Significant Drop in Short Interest

BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 2,200 shares, a decline of 24.1% from the August 15th total of 2,900 shares. Based on an average daily volume of 1,300 shares, the days-to-cover ratio is currently 1.7 days.

BFC Capital Trust II PFD TR 7.20% Stock Performance

Shares of NASDAQ:BANFP traded down $0.01 during trading on Tuesday, reaching $25.97. 3,838 shares of the company were exchanged, compared to its average volume of 2,093. The business’s fifty day simple moving average is $25.65 and its 200-day simple moving average is $25.68. BFC Capital Trust II PFD TR 7.20% has a 12-month low of $24.70 and a 12-month high of $27.00.

BFC Capital Trust II PFD TR 7.20% Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.93%. The ex-dividend date is Monday, September 30th.

Institutional Investors Weigh In On 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. bought a new stake in BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,125 shares of the company’s stock, valued at approximately $105,000.