BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) Trading Up 0.3% – Time to Buy?

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

BFC Capital Trust II PFD TR 7.20% Trading Up 0.3%

The business’s 50-day moving average is $26.19 and its 200-day moving average is $26.13.

BFC Capital Trust II PFD TR 7.20% Dividend Announcement

The company also recently disclosed 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 of this dividend was Wednesday, December 31st. This represents a $1.80 annualized dividend and a dividend yield of 6.9%.

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) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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.