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 Video: What is a Stock Split?
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| Two River Bancorp is a bank holding company. Through its wholly-owned banking subsidiary, Two River Community Bank (the Bank), Co. provides banking services primarily in Monmouth County, New Jersey and Union County, NJ. The Bank's banking services include demand, savings and time deposits and commercial and consumer/installment loans. The Bank also provides banking products such as safe deposit boxes, a night depository, wire transfers, money orders, travelers checks, automated teller machines, direct deposit, telephone and internet banking and corporate business services. As of Dec 31 2010, Co. had total assets of $636.8 million and total deposits of $524.5 million. According to our CPBC split history records, CPBC has had 6 splits. | |
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CPBC (CPBC) has 6 splits in our CPBC split history database. The first split for CPBC took place on August 16, 2006. This was a 103 for 100 split, meaning for each 100 shares of CPBC owned pre-split, the shareholder now owned 103 shares. For example, a 1000 share position pre-split, became a 1030 share position following the split. CPBC's second split took place on August 08, 2007. This was a 103 for 100 split, meaning for each 100 shares of CPBC owned pre-split, the shareholder now owned 103 shares. For example, a 1030 share position pre-split, became a 1060.9 share position following the split. CPBC's third split took place on September 26, 2008. This was a 103 for 100 split, meaning for each 100 shares of CPBC owned pre-split, the shareholder now owned 103 shares. For example, a 1060.9 share position pre-split, became a 1092.727 share position following the split. CPBC's 4th split took place on September 23, 2009. This was a 103 for 100 split, meaning for each 100 shares of CPBC owned pre-split, the shareholder now owned 103 shares. For example, a 1092.727 share position pre-split, became a 1125.50881 share position following the split. CPBC's 5th split took place on September 22, 2010. This was a 105 for 100 split, meaning for each 100 shares of CPBC owned pre-split, the shareholder now owned 105 shares. For example, a 1125.50881 share position pre-split, became a 1181.7842505 share position following the split. CPBC's 6th split took place on December 09, 2011. This was a 103 for 100 split, meaning for each 100 shares of CPBC owned pre-split, the shareholder now owned 103 shares. For example, a 1181.7842505 share position pre-split, became a 1217.237778015 share position following the split.
When a company such as CPBC 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 CPBC split history from start to finish, an original position size of 1000 shares would have turned into 1217.237778015 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CPBC shares, starting with a $10,000 purchase of CPBC, presented on a split-history-adjusted basis factoring in the complete CPBC split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
03/27/2013 |
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| End date: |
06/27/2013 |
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| Start price/share: |
$6.61 |
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| End price/share: |
$6.44 |
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| Starting shares: |
1,512.86 |
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| Ending shares: |
1,517.55 |
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| Dividends reinvested/share: |
$0.02 |
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| Total return: |
-2.27% |
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| Annualized Gain: |
-9.01% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$9,773.00 |
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| Years: |
0.25 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
03/27/2013 |
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| End date: |
06/27/2013 |
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| Start price/share: |
$6.61 |
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| End price/share: |
$6.44 |
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| Dividends collected/share: |
$0.02 |
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| Total return: |
-2.27% |
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| Annualized Gain: |
-9.00% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$9,773.00 |
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| Years: |
0.25 |
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| Date |
Ratio |
| 08/16/2006 | 103 for 100 | | 08/08/2007 | 103 for 100 | | 09/26/2008 | 103 for 100 | | 09/23/2009 | 103 for 100 | | 09/22/2010 | 105 for 100 | | 12/09/2011 | 103 for 100 |
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