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 Video: What is a Stock Split?
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| Flushing Financial Corporation, the holding company for Flushing Bank, offers a range of products and services typical of large commercial banks, including deposits, loans, equipment finance, and cash management. The Bank attracts retail deposits and invests them in multi-family residential property loans, commercial business loans, commercial real estate mortgages, one-to-four family loans, construction loans, SBA loans, mortgage-backed securities, U.S. government securities, and other marketable securities. It also operates an Internet branch under the brands iGObanking.com and BankPurely. According to our FFIC split history records, Flushing Financial has had 3 splits. | |
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Flushing Financial (FFIC) has 3 splits in our FFIC split history database. The first split for FFIC took place on October 01, 1998. This was a 3 for 2
split, meaning for each 2
shares of FFIC owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. FFIC's second split took place on August 31, 2001. This was a 3 for 2 split, meaning for each 2 shares of FFIC owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. FFIC's third split took place on December 16, 2003. This was a 3 for 2 split, meaning for each 2 shares of FFIC owned pre-split, the shareholder now owned 3 shares. For example, a 2250 share position pre-split, became a 3375 share position following the split.
When a company such as Flushing Financial 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 FFIC split history from start to finish, an original position size of 1000 shares would have turned into 3375 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Flushing Financial shares, starting with a $10,000 purchase of FFIC, presented on a split-history-adjusted basis factoring in the complete FFIC split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
01/23/2015 |
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| End date: |
01/21/2025 |
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| Start price/share: |
$19.31 |
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| End price/share: |
$15.05 |
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| Starting shares: |
517.87 |
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| Ending shares: |
792.06 |
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| Dividends reinvested/share: |
$8.00 |
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| Total return: |
19.21% |
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| Average Annual Total Return: |
1.77% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$11,918.42 |
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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: |
01/23/2015 |
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| End date: |
01/21/2025 |
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| Start price/share: |
$19.31 |
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| End price/share: |
$15.05 |
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| Dividends collected/share: |
$8.00 |
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| Total return: |
19.37% |
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| Average Annual Total Return: |
1.79% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$11,941.87 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 10/01/1998 | 3 for 2
| | 08/31/2001 | 3 for 2 | | 12/16/2003 | 3 for 2 |
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