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Video: What is a Stock Split?
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FNCB Bancorp is a bank holding company. Through its subsidiary, FNCB Bank, Co. provides customary retail and commercial banking services to individuals, businesses and local governments and municipalities within its market area, Northeastern Pennsylvania. Co. provides various banking products and services, including online, mobile and telephone banking, debit cards, check imaging and electronic statements. Deposit products include various checking, savings, money market and certificate of deposit products. Co. provides provides and originates a variety of loans, including residential real estate loans, construction, land acquisition and development loans, and commercial real estate loans. According to our FNCB split history records, FNCB Bancorp has had 4 splits. | |
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FNCB Bancorp (FNCB) has 4 splits in our FNCB split history database. The first split for FNCB took place on February 03, 2003. This was a 2 for 1 split, meaning for each share of FNCB 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. FNCB's second split took place on October 01, 2004. This was a 2 for 1 split, meaning for each share of FNCB 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. FNCB's third split took place on March 16, 2006. This was a 11 for 10 split, meaning for each 10 shares of FNCB owned pre-split, the shareholder now owned 11 shares. For example, a 4000 share position pre-split, became a 4400 share position following the split. FNCB's 4th split took place on December 28, 2007. This was a 125 for 100 split, meaning for each 100 shares of FNCB owned pre-split, the shareholder now owned 125 shares. For example, a 4400 share position pre-split, became a 5500 share position following the split.
When a company such as FNCB Bancorp 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 FNCB split history from start to finish, an original position size of 1000 shares would have turned into 5500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into FNCB Bancorp shares, starting with a $10,000 purchase of FNCB, presented on a split-history-adjusted basis factoring in the complete FNCB split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/29/2014 |
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End date: |
04/25/2024 |
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Start price/share: |
$5.75 |
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End price/share: |
$5.51 |
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Starting shares: |
1,739.13 |
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Ending shares: |
2,238.14 |
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Dividends reinvested/share: |
$1.79 |
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Total return: |
23.32% |
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Average Annual Total Return: |
2.12% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$12,333.41 |
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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: |
04/29/2014 |
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End date: |
04/25/2024 |
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Start price/share: |
$5.75 |
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End price/share: |
$5.51 |
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Dividends collected/share: |
$1.79 |
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Total return: |
26.96% |
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Average Annual Total Return: |
2.42% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$12,700.45 |
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Years: |
10.00 |
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Date |
Ratio |
02/03/2003 | 2 for 1 | 10/01/2004 | 2 for 1 | 03/16/2006 | 11 for 10 | 12/28/2007 | 125 for 100 |
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