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Video: What is a Stock Split?
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Amerant Bancorp is a bank holding company. Through its subsidiaries, Co. provides individuals and businesses an array of deposit, credit, investment, wealth management, retail banking and fiduciary services. Co. provides a range of deposit products and services, including a variety of checking and savings accounts, certificates of deposit, money market accounts, debit cards, remote deposit capture, online banking, mobile banking, and direct deposit services. Co. also provides business accounts and cash management services, including business checking and savings accounts and treasury management services. Co. also provides a variety of trust and estate planning products and services. According to our AMTB split history records, Amerant Bancorp has had 1 split. | |
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Amerant Bancorp (AMTB) has 1 split in our AMTB split history database. The split for AMTB took place on October 24, 2018. This was a 1 for 3 reverse split, meaning for each 3 shares of AMTB owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 333.333333333333 share position following the split.
When a company such as Amerant Bancorp conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the AMTB split history from start to finish, an original position size of 1000 shares would have turned into 333.333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Amerant Bancorp shares, starting with a $10,000 purchase of AMTB, presented on a split-history-adjusted basis factoring in the complete AMTB split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
10/19/2018 |
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End date: |
03/28/2024 |
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Start price/share: |
$26.25 |
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End price/share: |
$23.29 |
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Starting shares: |
380.95 |
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Ending shares: |
394.76 |
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Dividends reinvested/share: |
$0.87 |
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Total return: |
-8.06% |
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Average Annual Total Return: |
-1.53% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$9,194.92 |
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Years: |
5.44 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
10/19/2018 |
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End date: |
03/28/2024 |
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Start price/share: |
$26.25 |
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End price/share: |
$23.29 |
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Dividends collected/share: |
$0.87 |
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Total return: |
-7.96% |
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Average Annual Total Return: |
-1.51% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$9,205.09 |
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Years: |
5.44 |
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Date |
Ratio |
10/24/2018 | 1 for 3 |
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