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 Video: What is a Stock Split?
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| Evans Bancorp is a bank holding company. Through its subsidiary, Evans Bank, N.A. (the Bank), Co. provides deposit products, which include checking and negotiable order of withdrawal accounts, savings accounts, and certificates of deposit, and provides a variety of loan products to its customers, including commercial and consumer loans and commercial and residential mortgage loans. Co.'s subsidiary, Evans National Financial Services, LLC, which owns the membership interests in The Evans Agency, LLC (TEA), sells various premium-based insurance policies on a commission basis. TEA is an insurance agency providing personal, commercial and financial services products. According to our EVBN split history records, Evans Bancorp has had 4 splits. | |
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Evans Bancorp (EVBN) has 4 splits in our EVBN split history database. The first split for EVBN took place on November 27, 2002. This was a 105 for 100 split, meaning for each 100 shares of EVBN owned pre-split, the shareholder now owned 105 shares. For example, a 1000 share position pre-split, became a 1050 share position following the split. EVBN's second split took place on October 09, 2003. This was a 105 for 100 split, meaning for each 100 shares of EVBN 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. EVBN's third split took place on December 07, 2004. This was a 105 for 100 split, meaning for each 100 shares of EVBN 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. EVBN's 4th split took place on November 10, 2005. This was a 105 for 100 split, meaning for each 100 shares of EVBN owned pre-split, the shareholder now owned 105 shares. For example, a 1157.625 share position pre-split, became a 1215.50625 share position following the split.
When a company such as Evans Bancorp 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 EVBN split history from start to finish, an original position size of 1000 shares would have turned into 1215.50625 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Evans Bancorp shares, starting with a $10,000 purchase of EVBN, presented on a split-history-adjusted basis factoring in the complete EVBN 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: |
10/08/2024 |
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| Start price/share: |
$23.05 |
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| End price/share: |
$38.44 |
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| Starting shares: |
433.84 |
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| Ending shares: |
596.49 |
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| Dividends reinvested/share: |
$10.50 |
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| Total return: |
129.29% |
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| Average Annual Total Return: |
8.65% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$22,929.58 |
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| Years: |
10.00 |
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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: |
10/08/2024 |
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| Start price/share: |
$23.05 |
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| End price/share: |
$38.44 |
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| Dividends collected/share: |
$10.50 |
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| Total return: |
112.32% |
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| Average Annual Total Return: |
7.82% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$21,236.50 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 11/27/2002 | 105 for 100 | | 10/09/2003 | 105 for 100 | | 12/07/2004 | 105 for 100 | | 11/10/2005 | 105 for 100 |
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