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 Video: What is a Stock Split?
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| Astoria Financial is the unitary savings and loan holding company of Astoria Bank and its subsidiaries (Astoria Bank). Astoria Bank's primary business is accepting retail deposits from the general public and businesses and investing those deposits, together with funds generated from operations, principal repayments on loans and securities and borrowings, primarily in multi-family and commercial real estate mortgage loans, one-to-four family, or residential, mortgage loans, and mortgage-backed securities. Astoria Bank also invests in consumer and other loans, and government-sponsored enterprise securities. At Dec 31 2016, Co. had total assets of $14.56 billion and deposits of $8.88 billion. According to our AF split history records, AF has had 1 split. | |
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AF (AF) has 1 split in our AF split history database. The split for AF took place on March 02, 2005. This was a 3 for 2 split, meaning for each 2 shares of AF owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split.
When a company such as AF 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 AF split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into AF shares, starting with a $10,000 purchase of AF, presented on a split-history-adjusted basis factoring in the complete AF split history.
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| Date |
Ratio |
| 03/02/2005 | 3 for 2 |
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