Short Interest in BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) Declines By 9.4%

BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 2,900 shares, a decline of 9.4% from the October 15th total of 3,200 shares. Based on an average daily trading volume, of 1,400 shares, the days-to-cover ratio is currently 2.1 days.

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. acquired a new position in BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,125 shares of the company’s stock, valued at approximately $105,000.

BFC Capital Trust II PFD TR 7.20% Stock Performance

Shares of BANFP stock opened at $26.04 on Monday. BFC Capital Trust II PFD TR 7.20% has a twelve month low of $25.22 and a twelve month high of $26.25. The stock’s fifty day simple moving average is $25.79 and its 200 day simple moving average is $25.67.

BFC Capital Trust II PFD TR 7.20% Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 6.91%. The ex-dividend date of this dividend was Monday, September 30th.