BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) Trading Down 0.1% – Here’s Why

Shares of BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) fell 0.1% on Wednesday . The company traded as low as $26.28 and last traded at $26.32. Approximately 752 shares were traded during trading, an increase of 3% from the average session volume of 732 shares. The stock had previously closed at $26.34.

BFC Capital Trust II PFD TR 7.20% Stock Performance

The firm has a 50 day moving average of $26.40 and a 200-day moving average of $26.30.

BFC Capital Trust II PFD TR 7.20% Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend was Tuesday, June 30th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BFC Capital Trust II PFD TR 7.20% stock. Thurston Springer Miller Herd & Titak Inc. bought a new position in BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,586 shares of the company’s stock, valued at approximately $41,000.

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.