Split History
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Broadway Financial is a savings and loan holding company. Through its subsidiary, Broadway Federal Bank, f.s.b., Co. is engaged in accepting deposits from the general public in the areas surrounding its branch offices, loan customers, non-profit entities, local municipalities, and depositors. These deposits, together with funds generated from operations and borrowings, primarily in mortgage loans secured by residential properties with five or more units (multi-family) and commercial real estate. In addition, Co. invests in securities issued by federal government agencies, residential mortgage-backed securities and other investments. According to our BYFC split history records, Broadway Financial - Class A has had 3 splits.
BYFC split history picture
Broadway Financial - Class A (BYFC) has 3 splits in our BYFC split history database. The first split for BYFC took place on August 05, 1998. This was a 108 for 100 split, meaning for each 100 shares of BYFC owned pre-split, the shareholder now owned 108 shares. For example, a 1000 share position pre-split, became a 1080 share position following the split. BYFC's second split took place on December 02, 2002. This was a 2 for 1 split, meaning for each share of BYFC owned pre-split, the shareholder now owned 2 shares. For example, a 1080 share position pre-split, became a 2160 share position following the split. BYFC's third split took place on November 01, 2023. This was a 1 for 8 reverse split, meaning for each 8 shares of BYFC owned pre-split, the shareholder now owned 1 share. For example, a 2160 share position pre-split, became a 270 share position following the split.

When a company such as Broadway Financial - Class A 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. When a company such as Broadway Financial - Class A 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 BYFC split history from start to finish, an original position size of 1000 shares would have turned into 270 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Broadway Financial - Class A shares, starting with a $10,000 purchase of BYFC, presented on a split-history-adjusted basis factoring in the complete BYFC split history. BYFC split adjusted history picture

Growth of $10,000.00
Without Dividends Reinvested

Start date: 04/15/2014
End date: 04/12/2024
Start price/share: $9.76
End price/share: $5.12
Dividends collected/share: $0.00
Total return: -47.54%
Average Annual Total Return: -6.25%
Starting investment: $10,000.00
Ending investment: $5,244.60
Years: 10.00
Date Ratio
08/05/1998108 for 100
12/02/20022 for 1
11/01/20231 for 8
BYFC is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:

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Also explore: BYFC shares outstanding history

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