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 Video: What is a Stock Split?
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| Civista Bancshares is a financial holding company. Through its subsidiary, The Citizens Banking Company (the Bank), Co. is primarily engaged in the business of community banking. The Bank, located in Erie, Crawford, Champaign, Franklin, Logan, Summit, Huron, Ottawa and Richland Counties, OH, conducts a general banking business that involves collecting customer deposits, making loans, purchasing securities, and providing trust services. Co.'s primary focus of lending is real estate loans, both residential and commercial in nature. As of Dec 31 2013, Co. had total assets of $1.17 billion and total deposits of $942.5 million. According to our FCZA split history records, FCZA has had 1 split. | |
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FCZA (FCZA) has 1 split in our FCZA split history database. The split for FCZA took place on May 09, 1996. This was a 4 for 1 split, meaning for each share of FCZA owned pre-split, the shareholder now owned 4 shares. For example, a 1000 share position pre-split, became a 4000 share position following the split.
When a company such as FCZA 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 FCZA split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into FCZA shares, starting with a $10,000 purchase of FCZA, presented on a split-history-adjusted basis factoring in the complete FCZA split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/11/2014 |
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| End date: |
05/01/2015 |
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| Start price/share: |
$10.27 |
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| End price/share: |
$11.25 |
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| Starting shares: |
973.71 |
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| Ending shares: |
982.97 |
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| Dividends reinvested/share: |
$0.10 |
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| Total return: |
10.58% |
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| Annualized Gain: |
27.60% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$11,058.00 |
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| Years: |
0.38 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
12/11/2014 |
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| End date: |
05/01/2015 |
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| Start price/share: |
$10.27 |
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| End price/share: |
$11.25 |
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| Dividends collected/share: |
$0.10 |
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| Total return: |
10.52% |
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| Annualized Gain: |
27.42% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$11,052.00 |
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| Years: |
0.38 |
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| Date |
Ratio |
| 05/09/1996 | 4 for 1 |
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