BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) Trading Up 0.3% – Here’s What Happened

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

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

The business’s fifty day moving average is $26.19 and its two-hundred day moving average is $26.13.

BFC Capital Trust II PFD TR 7.20% Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend was Wednesday, December 31st.

Hedge Funds 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. acquired a new position in shares of BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 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.