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Butterfield Bank shares drop 3%

Bank of Butterfield shares dropped 3 percent in trading on the Bermuda Stock Exchange yesterday losing $0.05 to close at $1.40 a share. nearly 60,000 shares changed hands. The bank’s preferred shares also gained 0.4 percent ($5.00) to close at $1,240.00.

Ascendant Group shared jumped $0.10 (0.9 percent) to close at $11.65. 4,500 shares traded.

Overall, the BSX closed down 22.74 points (1.93 percent) at 1,154.56.

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Published May 17, 2013 at 9:00 am (Updated May 16, 2013 at 7:10 pm)

Butterfield Bank shares drop 3%

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