 |
 Video: What is a Stock Split?
|
|
|
| First Bancshares is a bank holding company. Through its subsidiary, The First Bank, Co. provides a range of financial services, including consumer and commercial loans, deposit accounts and safe deposit services. Co. provides a range of deposit services including checking accounts, NOW accounts, savings accounts, and other time deposits of various types, ranging from daily money market accounts to longer-term certificates of deposit. Co. also provides a range of commercial and personal loans, including both secured and unsecured loans for working capital, business expansion, and purchase of equipment and machinery.15,796 According to our FBMS split history records, First Bancshares has had 1 split. | |
|
First Bancshares (FBMS) has 1 split in our FBMS split history database. The split for FBMS took place on March 16, 2006. This was a 2 for 1 split, meaning for each share of FBMS 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 Bancshares 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 FBMS 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 Bancshares shares, starting with a $10,000 purchase of FBMS, presented on a split-history-adjusted basis factoring in the complete FBMS split history.
Growth of $10,000.00
With Dividends Reinvested
|
| Start date: |
10/01/2013 |
|
| End date: |
09/27/2023 |
|
| Start price/share: |
$13.75 |
|
| End price/share: |
$26.62 |
|
| Starting shares: |
727.27 |
|
| Ending shares: |
826.42 |
|
| Dividends reinvested/share: |
$3.55 |
|
| Total return: |
119.99% |
|
| Average Annual Total Return: |
8.21% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$22,003.22 |
|
| Years: |
9.99 |
|
| |
Growth of $10,000.00
Without Dividends Reinvested
|
| Start date: |
10/01/2013 |
|
| End date: |
09/27/2023 |
|
| Start price/share: |
$13.75 |
|
| End price/share: |
$26.62 |
|
| Dividends collected/share: |
$3.55 |
|
| Total return: |
119.45% |
|
| Average Annual Total Return: |
8.18% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$21,942.33 |
|
| Years: |
9.99 |
|
|
|
| Date |
Ratio |
| 03/16/2006 | 2 for 1 |
|
|
Free FBMS Email Alerts:
