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Video: What is a Stock Split?
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Hampden Bancorp is a bank holding company. Through its subsidiary, Co. provides a variety of financial services to individuals and businesses through its Internet operations and 10 offices in Hampden County, Massachusetts, and surrounding communities. Co.'s primary deposit products are checking, savings and term certificate accounts and Co.'s primary lending products are residential mortgage and commercial loans. Co. has two subsidiaries: Hampden Investment Corporation and Hampden Investment Corporation II, both of which engage in buying, selling, holding and otherwise dealing in securities. At June 30 2014, Co. had total assets of $701.5 million and total deposits of $491.7 million. According to our HBNK split history records, HBNK has had 1 split. | |
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HBNK (HBNK) has 1 split in our HBNK split history database. The split for HBNK took place on May 17, 1999. This was a 2 for 1
split, meaning for each share of HBNK owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.
When a company such as HBNK 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 HBNK split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into HBNK shares, starting with a $10,000 purchase of HBNK, presented on a split-history-adjusted basis factoring in the complete HBNK split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/01/2014 |
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End date: |
04/17/2015 |
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Start price/share: |
$15.86 |
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End price/share: |
$22.21 |
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Starting shares: |
630.52 |
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Ending shares: |
640.80 |
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Dividends reinvested/share: |
$0.30 |
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Total return: |
42.32% |
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Average Annual Total Return: |
40.23% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$14,232.39 |
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Years: |
1.04 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/01/2014 |
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End date: |
04/17/2015 |
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Start price/share: |
$15.86 |
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End price/share: |
$22.21 |
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Dividends collected/share: |
$0.30 |
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Total return: |
41.93% |
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Average Annual Total Return: |
39.86% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$14,193.19 |
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Years: |
1.04 |
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Date |
Ratio |
05/17/1999 | 2 for 1
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