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Video: What is a Stock Split?
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Crescent Financial is a bank holding company. Through its subsidiary, Crescent State Bank (the Bank), Co. provides banking services including commercial, consumer and personal loans, on-line banking, mortgage services and other associated financial services. Co. also provides deposit services including non-interest bearing checking accounts, interest bearing checking accounts, savings accounts, money market accounts and certificates of deposit. The Bank's market area includes the four central North Carolina counties of Wake, Johnston, Lee and Moore Counties and the coastal county of New Hanover. At Dec 31 2010, Co. had total assets of $973.0 million and total deposits of $724.4 million. According to our CRFN split history records, CRFN has had 6 splits. | |
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CRFN (CRFN) has 6 splits in our CRFN split history database. The first split for CRFN took place on March 13, 2002. This was a 1125 for 1000 split, meaning for each 1000 shares of CRFN owned pre-split, the shareholder now owned 1125 shares. For example, a 1000 share position pre-split, became a 1125 share position following the split. CRFN's second split took place on April 09, 2003. This was a 115 for 100 split, meaning for each 100 shares of CRFN owned pre-split, the shareholder now owned 115 shares. For example, a 1125 share position pre-split, became a 1293.75 share position following the split. CRFN's third split took place on March 10, 2004. This was a 120 for 100 split, meaning for each 100 shares of CRFN owned pre-split, the shareholder now owned 120 shares. For example, a 1293.75 share position pre-split, became a 1552.5 share position following the split. CRFN's 4th split took place on April 12, 2005. This was a 115 for 100 split, meaning for each 100 shares of CRFN owned pre-split, the shareholder now owned 115 shares. For example, a 1552.5 share position pre-split, became a 1785.375 share position following the split. CRFN's 5th split took place on May 16, 2006. This was a 115 for 100 split, meaning for each 100 shares of CRFN owned pre-split, the shareholder now owned 115 shares. For example, a 1785.375 share position pre-split, became a 2053.18125 share position following the split. CRFN's 6th split took place on May 09, 2007. This was a 11 for 10 split, meaning for each 10 shares of CRFN owned pre-split, the shareholder now owned 11 shares. For example, a 2053.18125 share position pre-split, became a 2258.499375 share position following the split.
When a company such as CRFN 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 CRFN split history from start to finish, an original position size of 1000 shares would have turned into 2258.499375 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CRFN shares, starting with a $10,000 purchase of CRFN, presented on a split-history-adjusted basis factoring in the complete CRFN split history.

CRFN -- use the split history when considering split-adjusted past price performance. |
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Date |
Ratio |
03/13/2002 | 1125 for 1000 | 04/09/2003 | 115 for 100 | 03/10/2004 | 120 for 100 | 04/12/2005 | 115 for 100 | 05/16/2006 | 115 for 100 | 05/09/2007 | 11 for 10 |
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