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 Video: What is a Stock Split?
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| A bank holding company that provides executive financial and administrative functions for its subsidiaries. It engages in full-service commercial and consumer banking business. According to our CBN split history records, CBN has had 2 splits. | |
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CBN (CBN) has 2 splits in our CBN split history database. The first split for CBN took place on July 29, 1998. This was a 11 for 10
split, meaning for each 10
shares of CBN owned pre-split, the shareholder now owned 11 shares. For example, a 1000 share position pre-split, became a 1100 share position following the split. CBN's second split took place on May 29, 2002. This was a 11 for 10 split, meaning for each 10 shares of CBN owned pre-split, the shareholder now owned 11 shares. For example, a 1100 share position pre-split, became a 1210 share position following the split.
When a company such as CBN 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 CBN split history from start to finish, an original position size of 1000 shares would have turned into 1210 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CBN shares, starting with a $10,000 purchase of CBN, presented on a split-history-adjusted basis factoring in the complete CBN split history.
CBN -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 07/29/1998 | 11 for 10
| | 05/29/2002 | 11 for 10 |
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