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 Video: What is a Stock Split?
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| Elmira Savings Bank is engaged primarily in the business of accepting deposits from the general public and originating mortgage loans secured by first and second liens on one-to-four family residences; consumer loans on automobiles; general consumer loans; commercial real estate loans; and commercial loans. Co. provides a variety of services to its individual and commercial customers. Co. has the following subsidiaries: ESB Realty Corp. and ESB Advisory Services, Inc. ESB Realty Corp. operates as a real estate investment trust. Co. provides financial services products and financial planning advisory services through its wholly-owned subsidiary, ESB Advisory Services, Inc. According to our ESBK split history records, ESBK has had 14 splits. | |
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ESBK (ESBK) has 14 splits in our ESBK split history database. The first split for ESBK took place on December 11, 1997. This was a 21 for 20
split, meaning for each 20
shares of ESBK owned pre-split, the shareholder now owned 21 shares. For example, a 1000 share position pre-split, became a 1050 share position following the split. ESBK's second split took place on March 12, 1999. This was a 105 for 100
split, meaning for each 100
shares of ESBK owned pre-split, the shareholder now owned 105 shares. For example, a 1050 share position pre-split, became a 1102.5 share position following the split. ESBK's third split took place on June 09, 2000. This was a 105 for 100
split, meaning for each 100
shares of ESBK owned pre-split, the shareholder now owned 105 shares. For example, a 1102.5 share position pre-split, became a 1157.625 share position following the split. ESBK's 4th split took place on June 06, 2001. This was a 11 for 10 split, meaning for each 10 shares of ESBK owned pre-split, the shareholder now owned 11 shares. For example, a 1157.625 share position pre-split, became a 1273.3875 share position following the split. ESBK's 5th split took place on June 11, 2002. This was a 11 for 10 split, meaning for each 10 shares of ESBK owned pre-split, the shareholder now owned 11 shares. For example, a 1273.3875 share position pre-split, became a 1400.72625 share position following the split. ESBK's 6th split took place on June 10, 2003. This was a 11 for 10 split, meaning for each 10 shares of ESBK owned pre-split, the shareholder now owned 11 shares. For example, a 1400.72625 share position pre-split, became a 1540.798875 share position following the split. ESBK's 7th split took place on June 09, 2004. This was a 11 for 10 split, meaning for each 10 shares of ESBK owned pre-split, the shareholder now owned 11 shares. For example, a 1540.798875 share position pre-split, became a 1694.8787625 share position following the split. ESBK's 8th split took place on June 08, 2005. This was a 11 for 10 split, meaning for each 10 shares of ESBK owned pre-split, the shareholder now owned 11 shares. For example, a 1694.8787625 share position pre-split, became a 1864.36663875 share position following the split. ESBK's 9th split took place on June 07, 2006. This was a 11 for 10 split, meaning for each 10 shares of ESBK owned pre-split, the shareholder now owned 11 shares. For example, a 1864.36663875 share position pre-split, became a 2050.803302625 share position following the split. ESBK's 10th split took place on June 06, 2007. This was a 11 for 10 split, meaning for each 10 shares of ESBK owned pre-split, the shareholder now owned 11 shares. For example, a 2050.803302625 share position pre-split, became a 2255.8836328875 share position following the split. ESBK's 11th split took place on June 11, 2008. This was a 11 for 10 split, meaning for each 10 shares of ESBK owned pre-split, the shareholder now owned 11 shares. For example, a 2255.8836328875 share position pre-split, became a 2481.47199617625 share position following the split. ESBK's 12th split took place on December 07, 2011. This was a 11 for 10 split, meaning for each 10 shares of ESBK owned pre-split, the shareholder now owned 11 shares. For example, a 2481.47199617625 share position pre-split, became a 2729.61919579388 share position following the split. ESBK's 13th split took place on December 06, 2012. This was a 21 for 20 split, meaning for each 20 shares of ESBK owned pre-split, the shareholder now owned 21 shares. For example, a 2729.61919579388 share position pre-split, became a 2866.10015558357 share position following the split. ESBK's 14th split took place on December 05, 2013. This was a 11 for 10 split, meaning for each 10 shares of ESBK owned pre-split, the shareholder now owned 11 shares. For example, a 2866.10015558357 share position pre-split, became a 3152.71017114193 share position following the split.
When a company such as ESBK 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 ESBK split history from start to finish, an original position size of 1000 shares would have turned into 3152.71017114193 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ESBK shares, starting with a $10,000 purchase of ESBK, presented on a split-history-adjusted basis factoring in the complete ESBK split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
01/22/2015 |
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| End date: |
05/13/2022 |
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| Start price/share: |
$21.72 |
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| End price/share: |
$23.08 |
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| Starting shares: |
460.41 |
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| Ending shares: |
645.55 |
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| Dividends reinvested/share: |
$6.03 |
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| Total return: |
48.99% |
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| Average Annual Total Return: |
5.61% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$14,900.79 |
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| Years: |
7.31 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
01/22/2015 |
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| End date: |
05/13/2022 |
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| Start price/share: |
$21.72 |
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| End price/share: |
$23.08 |
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| Dividends collected/share: |
$6.03 |
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| Total return: |
34.02% |
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| Average Annual Total Return: |
4.09% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$13,403.09 |
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| Years: |
7.31 |
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| Date |
Ratio |
| 12/11/1997 | 21 for 20
| | 03/12/1999 | 105 for 100
| | 06/09/2000 | 105 for 100
| | 06/06/2001 | 11 for 10 | | 06/11/2002 | 11 for 10 | | 06/10/2003 | 11 for 10 | | 06/09/2004 | 11 for 10 | | 06/08/2005 | 11 for 10 | | 06/07/2006 | 11 for 10 | | 06/06/2007 | 11 for 10 | | 06/11/2008 | 11 for 10 | | 12/07/2011 | 11 for 10 | | 12/06/2012 | 21 for 20 | | 12/05/2013 | 11 for 10 |
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