BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) Sees Large Drop in Short Interest

BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 1,748 shares, a decrease of 50.3% from the September 15th total of 3,518 shares. Based on an average trading volume of 517 shares, the days-to-cover ratio is presently 3.4 days.

Institutional Trading of BFC Capital Trust II PFD TR 7.20%

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

BFC Capital Trust II PFD TR 7.20% Trading Up 0.7%

NASDAQ BANFP traded up $0.19 on Wednesday, reaching $26.50. 853 shares of the company’s stock traded hands, compared to its average volume of 938. The stock has a 50 day moving average price of $27.44 and a 200-day moving average price of $26.78. BFC Capital Trust II PFD TR 7.20% has a fifty-two week low of $25.55 and a fifty-two week high of $29.75.

BFC Capital Trust II PFD TR 7.20% Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend is Wednesday, September 30th.

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.