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 Video: What is a Stock Split?
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| First Business Financial Services is a bank holding company. Through its bank subsidiary, First Business Bank (the Bank), Co. is engaged in the commercial banking business. All of Co.'s operations are conducted through the Bank and First Business Specialty Finance, LLC, a subsidiary of the Bank. Co.'s products and services include those for business banking, private wealth, and bank consulting. Within business banking, Co. provides commercial lending, asset-based lending, accounts receivable financing, equipment financing, floorplan financing, vendor financing, Small Business Administration lending and servicing, treasury management services, and company retirement plans. According to our FBIZ split history records, First Business Financial Services has had 1 split. | |
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First Business Financial Services (FBIZ) has 1 split in our FBIZ split history database. The split for FBIZ took place on August 31, 2015. This was a 2 for 1 split, meaning for each share of FBIZ owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.
When a company such as First Business Financial Services 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 FBIZ split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into First Business Financial Services shares, starting with a $10,000 purchase of FBIZ, presented on a split-history-adjusted basis factoring in the complete FBIZ split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/01/2013 |
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| End date: |
09/27/2023 |
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| Start price/share: |
$16.40 |
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| End price/share: |
$29.53 |
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| Starting shares: |
609.76 |
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| Ending shares: |
779.60 |
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| Dividends reinvested/share: |
$5.95 |
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| Total return: |
130.22% |
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| Average Annual Total Return: |
8.70% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$23,019.55 |
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| Years: |
9.99 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/01/2013 |
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| End date: |
09/27/2023 |
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| Start price/share: |
$16.40 |
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| End price/share: |
$29.53 |
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| Dividends collected/share: |
$5.95 |
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| Total return: |
116.32% |
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| Average Annual Total Return: |
8.03% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$21,640.13 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 08/31/2015 | 2 for 1 |
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