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 Video: What is a Stock Split?
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| Bank holding company whose subsidiaries include Citizens Business Bank and Community Trust Deed Services. Through its network of banking offices, it offers a full range of banking and trust services to businesses, professionals and individuals in CA. According to our CVB split history records, CVB has had 5 splits. | |
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CVB (CVB) has 5 splits in our CVB split history database. The first split for CVB took place on January 02, 1997. This was a 11 for 10
split, meaning for each 10
shares of CVB 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. CVB's second split took place on January 21, 1998. This was a 3 for 2
split, meaning for each 2
shares of CVB owned pre-split, the shareholder now owned 3 shares. For example, a 1100 share position pre-split, became a 1650 share position following the split. CVB's third split took place on December 29, 1998. This was a 11 for 10
split, meaning for each 10
shares of CVB owned pre-split, the shareholder now owned 11 shares. For example, a 1650 share position pre-split, became a 1815 share position following the split. CVB's 4th split took place on February 01, 2000. This was a 5 for 4
split, meaning for each 4
shares of CVB owned pre-split, the shareholder now owned 5 shares. For example, a 1815 share position pre-split, became a 2268.75 share position following the split. CVB's 5th split took place on January 03, 2001. This was a 11 for 10 split, meaning for each 10 shares of CVB owned pre-split, the shareholder now owned 11 shares. For example, a 2268.75 share position pre-split, became a 2495.625 share position following the split.
When a company such as CVB 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 CVB split history from start to finish, an original position size of 1000 shares would have turned into 2495.625 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CVB shares, starting with a $10,000 purchase of CVB, presented on a split-history-adjusted basis factoring in the complete CVB split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/10/2014 |
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| End date: |
02/02/2017 |
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| Start price/share: |
$10.66 |
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| End price/share: |
$10.29 |
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| Starting shares: |
938.09 |
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| Ending shares: |
1,082.71 |
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| Dividends reinvested/share: |
$1.55 |
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| Total return: |
11.41% |
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| Average Annual Total Return: |
4.77% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$11,140.52 |
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| Years: |
2.32 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/10/2014 |
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| End date: |
02/02/2017 |
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| Start price/share: |
$10.66 |
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| End price/share: |
$10.29 |
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| Dividends collected/share: |
$1.55 |
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| Total return: |
11.09% |
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| Average Annual Total Return: |
4.64% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$11,108.50 |
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| Years: |
2.32 |
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| Date |
Ratio |
| 01/02/1997 | 11 for 10
| | 01/21/1998 | 3 for 2
| | 12/29/1998 | 11 for 10
| | 02/01/2000 | 5 for 4
| | 01/03/2001 | 11 for 10 |
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