Butterfield repurchased $20m of its shares
The sharp fall in Butterfield Bank’s share price last month resulted in a buying opportunity for the bank, which repurchased $20 million of its shares.
The shares had been trading at around $50 until a sudden drop on October 24 following the bank’s third-quarter earnings report the previous evening. The stock dipped below $38, but has since partially recovered, and closed yesterday at $41.33.
In a statement, the bank said it repurchased 514,137 of its shares last month at an average price of $39.13 per share.
'How can I even live on?'
Belongers status paper heads to Cabinet
Seal discovered ashore at East End
Nail salon polishes up at new location
Man takes stand in child porn case
Wheelie video prompts warning
Fast-track work permit pilot project planned
Telco GM who rid us of party lines
Take Our Poll