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 Video: What is a Stock Split?
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| Banc of California is a bank holding company. Through its subsidiary, Banc of California, National Association, Co. is engaged in providing products and solutions for businesses, business owners, and individuals within California. Co. provides a number of loan products including commercial and industrial loans; commercial real estate loans and multifamily loans; small business administration loans; and construction loans. Co. provides a variety of deposit products to its clients with a range of interest rates and terms. Deposits consist of interest-bearing and noninterest-bearing demand accounts, savings accounts, money market deposit accounts, and certificates of deposit. According to our BANC split history records, Banc Of California has had 7 splits. | |
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Banc Of California (BANC) has 7 splits in our BANC split history database. The first split for BANC took place on July 20, 1995. This was a 5 for 4
split, meaning for each 4
shares of BANC owned pre-split, the shareholder now owned 5 shares. For example, a 1000 share position pre-split, became a 1250 share position following the split. BANC's second split took place on February 02, 1996. This was a 5 for 4
split, meaning for each 4
shares of BANC owned pre-split, the shareholder now owned 5 shares. For example, a 1250 share position pre-split, became a 1562.5 share position following the split. BANC's third split took place on August 01, 1996. This was a 5 for 4
split, meaning for each 4
shares of BANC owned pre-split, the shareholder now owned 5 shares. For example, a 1562.5 share position pre-split, became a 1953.125 share position following the split. BANC's 4th split took place on March 05, 1997. This was a 5 for 4
split, meaning for each 4
shares of BANC owned pre-split, the shareholder now owned 5 shares. For example, a 1953.125 share position pre-split, became a 2441.40625 share position following the split. BANC's 5th split took place on August 19, 1997. This was a 5 for 4
split, meaning for each 4
shares of BANC owned pre-split, the shareholder now owned 5 shares. For example, a 2441.40625 share position pre-split, became a 3051.7578125 share position following the split. BANC's 6th split took place on February 19, 1998. This was a 5 for 4
split, meaning for each 4
shares of BANC owned pre-split, the shareholder now owned 5 shares. For example, a 3051.7578125 share position pre-split, became a 3814.697265625 share position following the split. BANC's 7th split took place on August 12, 1999. This was a 115 for 100
split, meaning for each 100
shares of BANC owned pre-split, the shareholder now owned 115 shares. For example, a 3814.697265625 share position pre-split, became a 4386.90185546875 share position following the split.
When a company such as Banc Of California 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 BANC split history from start to finish, an original position size of 1000 shares would have turned into 4386.90185546875 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Banc Of California shares, starting with a $10,000 purchase of BANC, presented on a split-history-adjusted basis factoring in the complete BANC split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/02/2013 |
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| End date: |
03/28/2023 |
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| Start price/share: |
$11.45 |
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| End price/share: |
$12.70 |
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| Starting shares: |
873.36 |
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| Ending shares: |
1,133.46 |
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| Dividends reinvested/share: |
$3.98 |
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| Total return: |
43.95% |
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| Average Annual Total Return: |
3.71% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$14,390.51 |
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| Years: |
9.99 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/02/2013 |
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| End date: |
03/28/2023 |
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| Start price/share: |
$11.45 |
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| End price/share: |
$12.70 |
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| Dividends collected/share: |
$3.98 |
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| Total return: |
45.68% |
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| Average Annual Total Return: |
3.84% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$14,571.77 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 07/20/1995 | 5 for 4
| | 02/02/1996 | 5 for 4
| | 08/01/1996 | 5 for 4
| | 03/05/1997 | 5 for 4
| | 08/19/1997 | 5 for 4
| | 02/19/1998 | 5 for 4
| | 08/12/1999 | 115 for 100
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