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 Video: What is a Stock Split?
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| First Financial Holdings is a unitary savings and loan holding company. Co. conducts its operations principally in South and North Carolina. Co. operates principally through its wholly-owned subsidiary, First Federal Savings and Loan Association of Charleston, which provides residential, commercial and consumer loan products, consumer and business deposit products, automated teller machines and debit cards, cash management services, safe deposit boxes, trust and fiduciary services, and reinsurance of private mortgage insurance and premium financing activities. As of Sep 30 2011, Co. had total assets of $3.21 billion and total deposits of $2.30 billion. According to our FFCH split history records, FFCH has had 2 splits. | |
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FFCH (FFCH) has 2 splits in our FFCH split history database. The first split for FFCH took place on October 27, 1993. This was a 2 for 1
split, meaning for each share of FFCH 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. FFCH's second split took place on March 30, 1998. This was a 2 for 1
split, meaning for each share of FFCH owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split.
When a company such as FFCH 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 FFCH 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 FFCH shares, starting with a $10,000 purchase of FFCH, presented on a split-history-adjusted basis factoring in the complete FFCH split history.
FFCH -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 10/27/1993 | 2 for 1
| | 03/30/1998 | 2 for 1
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