Butterfield Bank Soars 2.79% on Strong Earnings, Dividend

The share price of Butterfield Bank rose to its highest level since February 2025 today, with an intraday gain of 2.79%.

Butterfield Bank recently announced a quarterly dividend of $0.44 per share, scheduled to be paid on May 21st. This dividend payment is expected to positively influence investor sentiment, potentially driving the stock price higher.

Analysts have also made significant adjustments to their price targets for Butterfield Bank. Keefe, Bruyette & Woods increased their target from $44.00 to $48.00, while Wells Fargo & Company raised theirs from $43.00 to $46.00 and assigned an “overweight” rating. These upward revisions in price targets and ratings are likely to boost market confidence in the stock, contributing to its upward momentum.

In addition to dividend announcements and analyst revisions, Butterfield Bank's recent earnings report has been a key driver of its stock performance. The bank reported earnings per share (EPS) of $1.30 for the quarter, surpassing analysts’ consensus estimates of $1.03. The bank's revenue for the quarter was $148.20 million, exceeding expectations of $140.89 million. These strong financial results have provided a solid foundation for the stock's recent gains, as investors respond positively to the bank's robust performance.