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 Video: What is a Stock Split?
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| Citizens & Northern is a bank holding company. Through its subsidiary, Citizens & Northern Bank, Co. provides banking and related services to individual and corporate customers. Lending products include commercial, mortgage and consumer loans, as well as instruments such as commercial letters-of-credit. Deposit products include checking accounts, passbook and statement savings, money market accounts, interest checking accounts, Individual Retirement Accounts and certificates of deposit. Co.'s primary market area includes northcentral Pennsylvania, southern New York State, Southeastern Pennsylvania and south central Pennsylvania. Co. also provides Trust and Financial Management services. According to our CZNC split history records, Citizens and Northern has had 8 splits. | |
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Citizens and Northern (CZNC) has 8 splits in our CZNC split history database. The first split for CZNC took place on November 25, 1998. This was a 101 for 100
split, meaning for each 100
shares of CZNC owned pre-split, the shareholder now owned 101 shares. For example, a 1000 share position pre-split, became a 1010 share position following the split. CZNC's second split took place on January 02, 2002. This was a 101 for 100 split, meaning for each 100 shares of CZNC owned pre-split, the shareholder now owned 101 shares. For example, a 1010 share position pre-split, became a 1020.1 share position following the split. CZNC's third split took place on December 26, 2002. This was a 101 for 100 split, meaning for each 100 shares of CZNC owned pre-split, the shareholder now owned 101 shares. For example, a 1020.1 share position pre-split, became a 1030.301 share position following the split. CZNC's 4th split took place on April 22, 2003. This was a 3 for 2 split, meaning for each 2 shares of CZNC owned pre-split, the shareholder now owned 3 shares. For example, a 1030.301 share position pre-split, became a 1545.4515 share position following the split. CZNC's 5th split took place on December 24, 2003. This was a 101 for 100 split, meaning for each 100 shares of CZNC owned pre-split, the shareholder now owned 101 shares. For example, a 1545.4515 share position pre-split, became a 1560.906015 share position following the split. CZNC's 6th split took place on December 27, 2005. This was a 101 for 100 split, meaning for each 100 shares of CZNC owned pre-split, the shareholder now owned 101 shares. For example, a 1560.906015 share position pre-split, became a 1576.51507515 share position following the split. CZNC's 7th split took place on December 28, 2006. This was a 101 for 100 split, meaning for each 100 shares of CZNC owned pre-split, the shareholder now owned 101 shares. For example, a 1576.51507515 share position pre-split, became a 1592.2802259015 share position following the split. CZNC's 8th split took place on December 28, 2007. This was a 101 for 100 split, meaning for each 100 shares of CZNC owned pre-split, the shareholder now owned 101 shares. For example, a 1592.2802259015 share position pre-split, became a 1608.20302816051 share position following the split.
When a company such as Citizens and Northern splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the CZNC split history from start to finish, an original position size of 1000 shares would have turned into 1608.20302816051 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Citizens and Northern shares, starting with a $10,000 purchase of CZNC, presented on a split-history-adjusted basis factoring in the complete CZNC split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
04/19/2024 |
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| Start price/share: |
$19.20 |
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| End price/share: |
$17.73 |
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| Starting shares: |
520.83 |
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| Ending shares: |
850.76 |
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| Dividends reinvested/share: |
$10.87 |
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| Total return: |
50.84% |
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| Average Annual Total Return: |
4.20% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$15,089.58 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
04/19/2024 |
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| Start price/share: |
$19.20 |
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| End price/share: |
$17.73 |
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| Dividends collected/share: |
$10.87 |
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| Total return: |
48.96% |
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| Average Annual Total Return: |
4.07% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$14,902.38 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 11/25/1998 | 101 for 100
| | 01/02/2002 | 101 for 100 | | 12/26/2002 | 101 for 100 | | 04/22/2003 | 3 for 2 | | 12/24/2003 | 101 for 100 | | 12/27/2005 | 101 for 100 | | 12/28/2006 | 101 for 100 | | 12/28/2007 | 101 for 100 |
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