BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP – Get Free Report) declared a quarterly dividend on Monday, September 21st. Investors of record on Wednesday, September 30th will be given a dividend of $0.45 per share on Thursday, October 15th. This represents a $1.80 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend is Wednesday, September 30th.
BFC Capital Trust II PFD TR 7.20% Stock Up 2.2%
NASDAQ BANFP opened at $27.46 on Monday. The stock has a 50-day moving average of $27.33 and a two-hundred day moving average of $26.69. BFC Capital Trust II PFD TR 7.20% has a 1-year low of $25.50 and a 1-year high of $29.75.
Institutional Investors 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. purchased a new position in BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,586 shares of the company’s stock, valued at approximately $41,000.
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.
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