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 Video: What is a Stock Split?
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| First Financial Service is a bank holding company. Through its subsidiary, First Federal Savings Bank of Elizabethtown, Co. provides a range of financial services to its retail and commercial banking customers. These services include personal and corporate banking services and personal investment financial counseling services. Co.'s business consists primarily of accepting deposits from the public and origination of mortgage loans on single-family residences, commercial property and multi-family housing. Co. also makes home improvement loans, consumer loans and commercial business loans. As of Dec 31 2013, Co. had total assets of $858.6 million and total deposits of $783.5 million. According to our FFKY split history records, FFKY has had 5 splits. | |
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FFKY (FFKY) has 5 splits in our FFKY split history database. The first split for FFKY took place on June 11, 1996. This was a 2 for 1
split, meaning for each share of FFKY 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. FFKY's second split took place on April 24, 2003. This was a 11 for 10 split, meaning for each 10 shares of FFKY owned pre-split, the shareholder now owned 11 shares. For example, a 2000 share position pre-split, became a 2200 share position following the split. FFKY's third split took place on October 05, 2005. This was a 11 for 10 split, meaning for each 10 shares of FFKY owned pre-split, the shareholder now owned 11 shares. For example, a 2200 share position pre-split, became a 2420 share position following the split. FFKY's 4th split took place on August 25, 2006. This was a 11 for 10 split, meaning for each 10 shares of FFKY owned pre-split, the shareholder now owned 11 shares. For example, a 2420 share position pre-split, became a 2662 share position following the split. FFKY's 5th split took place on August 27, 2007. This was a 11 for 10 split, meaning for each 10 shares of FFKY owned pre-split, the shareholder now owned 11 shares. For example, a 2662 share position pre-split, became a 2928.2 share position following the split.
When a company such as FFKY 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 FFKY split history from start to finish, an original position size of 1000 shares would have turned into 2928.2 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into FFKY shares, starting with a $10,000 purchase of FFKY, presented on a split-history-adjusted basis factoring in the complete FFKY split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/07/2014 |
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| End date: |
01/02/2015 |
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| Start price/share: |
$3.65 |
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| End price/share: |
$3.90 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
6.85% |
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| Annualized Gain: |
28.74% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$10,685.00 |
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| Years: |
0.24 |
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| Date |
Ratio |
| 06/11/1996 | 2 for 1
| | 04/24/2003 | 11 for 10 | | 10/05/2005 | 11 for 10 | | 08/25/2006 | 11 for 10 | | 08/27/2007 | 11 for 10 |
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