BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) Stock Short Interest Report for September

BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 1,748 shares, a decline of 50.3% from the September 15th total of 3,518 shares. Based on an average daily volume of 517 shares, the short-interest ratio is currently 3.4 days.

Institutional Trading of 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. acquired a new position in shares of 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 acquired 1,586 shares of the company’s stock, valued at approximately $41,000.

BFC Capital Trust II PFD TR 7.20% Price Performance

NASDAQ:BANFP traded up $0.19 during trading hours on Wednesday, hitting $26.50. 853 shares of the stock were exchanged, compared to its average volume of 938. BFC Capital Trust II PFD TR 7.20% has a 52-week low of $25.55 and a 52-week high of $29.75. The firm’s fifty day moving average price is $27.44 and its 200 day moving average price is $26.78.

BFC Capital Trust II PFD TR 7.20% Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.8%.

BFC Capital Trust II is a statutory business trust associated with BancFirst Corporation, a bank holding company headquartered in Oklahoma City, Oklahoma. The trust was established to issue trust preferred securities, including its 7.20% trust preferred securities traded under the symbol BANFP on the Nasdaq Stock Market.

Unlike an operating company, BFC Capital Trust II does not provide banking, lending, investment, or other customer services. Its principal activity is holding junior subordinated debt issued by its corporate sponsor and using the related interest payments to support distributions on the trust preferred securities.

BancFirst Corporation operates through BancFirst, which provides commercial and retail banking, mortgage lending, trust and wealth-management services, and related financial products through locations primarily serving Oklahoma communities.