Short Interest in BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) Declines By 14.3%

BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 3,000 shares, a drop of 14.3% from the September 15th total of 3,500 shares. Based on an average daily volume of 1,500 shares, the short-interest ratio is currently 2.0 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in BFC Capital Trust II PFD TR 7.20% stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,125 shares of the company’s stock, valued at approximately $105,000.

BFC Capital Trust II PFD TR 7.20% Price Performance

Shares of BANFP traded down $0.05 during mid-day trading on Tuesday, hitting $25.61. 188 shares of the company’s stock traded hands, compared to its average volume of 2,071. The business’s 50-day moving average price is $25.71 and its 200-day moving average price is $25.66. BFC Capital Trust II PFD TR 7.20% has a 1 year low of $24.70 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 Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.45 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.80 annualized dividend and a yield of 7.03%.