The US-listed shares of Butterfield Bank closed above $60 for the first time today.

The bank gained 80 cents, or 1.34 per cent, to end the week at $60.34, on the trading of 189,900 shares.

Since it floated on the New York Stock Exchange in September 2016, the bank’s share price has more than doubled. Butterfield’s market capitalisation is now around $2.4 billion.

On the Bermuda Stock Exchange, shares of Allshores fell 7.1 per cent. The insurer dipped $2 to close at $26 on the trading of 5,000 shares.

With Allshores the lone stock to trade, The Royal Gazette/BSX Index fell 19.6 points, or 0.53 per cent, to close the week on 3,681.41.

For the week, the index was down 0.24 per cent, as Butterfield Bank fell 0.9 per cent over the five days, while Allshores gained 8.4 per cent.

BSX volume for the week was 15,693 shares, while turnover totalled $409,822.50.