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 Video: What is a Stock Split?
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| ESB Financial is a thrift holding company. Through ESB Bank (the Bank), Co. provided retail and commercial financial products and services in Western Pennsylvania through 23 offices as of Dec 31 2013. The Bank has two subsidiaries: AMSCO, Inc., which engages in the management of certain real estate development partnerships on behalf of Co. and ESB Financial Services, Inc., which holds loans and other investments. The Bank's main business consists of attracting deposits and investing such deposits in real estate loans, consumer loans, commercial business loans, securities and interest-earning deposits. At Dec 31 2013, Co. had total assets of $1.91 billion and total deposits of $1.22 billion. According to our ESBF split history records, ESBF has had 8 splits. | |
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ESBF (ESBF) has 8 splits in our ESBF split history database. The first split for ESBF took place on July 29, 1997. This was a 11 for 10
split, meaning for each 10
shares of ESBF 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. ESBF's second split took place on May 13, 1998. This was a 11 for 10
split, meaning for each 10
shares of ESBF 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. ESBF's third split took place on May 15, 2000. This was a 11 for 10
split, meaning for each 10
shares of ESBF owned pre-split, the shareholder now owned 11 shares. For example, a 1210 share position pre-split, became a 1331 share position following the split. ESBF's 4th split took place on May 16, 2001. This was a 6 for 5 split, meaning for each 5 shares of ESBF owned pre-split, the shareholder now owned 6 shares. For example, a 1331 share position pre-split, became a 1597.2 share position following the split. ESBF's 5th split took place on September 26, 2002. This was a 6 for 5 split, meaning for each 5 shares of ESBF owned pre-split, the shareholder now owned 6 shares. For example, a 1597.2 share position pre-split, became a 1916.64 share position following the split. ESBF's 6th split took place on April 29, 2003. This was a 6 for 5 split, meaning for each 5 shares of ESBF owned pre-split, the shareholder now owned 6 shares. For example, a 1916.64 share position pre-split, became a 2299.968 share position following the split. ESBF's 7th split took place on May 03, 2011. This was a 6 for 5 split, meaning for each 5 shares of ESBF owned pre-split, the shareholder now owned 6 shares. For example, a 2299.968 share position pre-split, became a 2759.9616 share position following the split. ESBF's 8th split took place on May 01, 2013. This was a 6 for 5 split, meaning for each 5 shares of ESBF owned pre-split, the shareholder now owned 6 shares. For example, a 2759.9616 share position pre-split, became a 3311.95392 share position following the split.
When a company such as ESBF 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 ESBF split history from start to finish, an original position size of 1000 shares would have turned into 3311.95392 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ESBF shares, starting with a $10,000 purchase of ESBF, presented on a split-history-adjusted basis factoring in the complete ESBF split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/09/2014 |
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| End date: |
02/10/2015 |
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| Start price/share: |
$11.70 |
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| End price/share: |
$17.77 |
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| Starting shares: |
854.70 |
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| Ending shares: |
859.18 |
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| Dividends reinvested/share: |
$0.10 |
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| Total return: |
52.68% |
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| Annualized Gain: |
155.06% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$15,268.00 |
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| Years: |
0.34 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/09/2014 |
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| End date: |
02/10/2015 |
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| Start price/share: |
$11.70 |
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| End price/share: |
$17.77 |
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| Dividends collected/share: |
$0.10 |
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| Total return: |
52.74% |
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| Annualized Gain: |
155.23% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$15,274.00 |
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| Years: |
0.34 |
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| Date |
Ratio |
| 07/29/1997 | 11 for 10
| | 05/13/1998 | 11 for 10
| | 05/15/2000 | 11 for 10
| | 05/16/2001 | 6 for 5 | | 09/26/2002 | 6 for 5 | | 04/29/2003 | 6 for 5 | | 05/03/2011 | 6 for 5 | | 05/01/2013 | 6 for 5 |
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