BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) Trading Up 0.5% – Still a Buy?

BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP)’s stock price traded up 0.5% during mid-day trading on Friday . The stock traded as high as $26.25 and last traded at $26.3750. 321 shares were traded during trading, a decline of 55% from the average session volume of 714 shares. The stock had previously closed at $26.25.

BFC Capital Trust II PFD TR 7.20% Stock Performance

The firm has a 50 day moving average price of $26.35 and a 200-day moving average price of $26.25.

BFC Capital Trust II PFD TR 7.20% Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid 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 is Tuesday, June 30th.

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. purchased a new position in shares of BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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.