BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) Shares Up 0.5% – Here’s What Happened

Shares of BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) shot up 0.5% during trading on Tuesday . The stock traded as high as $26.30 and last traded at $26.30. 35 shares traded hands during trading, a decline of 95% from the average session volume of 743 shares. The stock had previously closed at $26.17.

BFC Capital Trust II PFD TR 7.20% Trading Up 0.7%

The company’s 50-day moving average price is $26.22 and its 200 day moving average price is $26.19.

BFC Capital Trust II PFD TR 7.20% Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.80 dividend on an annualized basis and a yield of 6.8%.

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. bought a new stake in BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 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.