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 Video: What is a Stock Split?
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| Axos Financial is a holding company for BofI Federal Bank (Bank), a financial services company that provides consumer and business banking products. Co. distributes its deposit products through a range of retail distributions channels, and its deposits consist of demand, savings and time deposits accounts. Co. distributes its loan products through its retail, correspondent and wholesale channels, and the loans Co. retains are primarily first mortgages secured by single family real property and by multifamily real property as well as commercial and industrial loans to businesses. As of June 30 2017, Co. had total assets of $8.50 billion and total deposits of $6.90 billion. According to our BOFI split history records, BOFI has had 1 split. | |
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BOFI (BOFI) has 1 split in our BOFI split history database. The split for BOFI took place on November 18, 2015. This was a 4 for 1 split, meaning for each share of BOFI owned pre-split, the shareholder now owned 4 shares. For example, a 1000 share position pre-split, became a 4000 share position following the split.
When a company such as BOFI 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 BOFI split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into BOFI shares, starting with a $10,000 purchase of BOFI, presented on a split-history-adjusted basis factoring in the complete BOFI split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/10/2014 |
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| End date: |
09/28/2018 |
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| Start price/share: |
$16.42 |
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| End price/share: |
$34.39 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
109.44% |
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| Average Annual Total Return: |
20.47% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$20,944.90 |
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| Years: |
3.97 |
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| Date |
Ratio |
| 11/18/2015 | 4 for 1 |
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