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 Video: What is a Stock Split?
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| First South Bancorp is a bank holding company. Through its subsidiary, First South Bank (the Bank), Co. provides commercial banking services in North Carolina. The Bank accepts deposits from the general public and invests these funds in commercial real estate loans, commercial and industrial business loans, equipment leases, consumer loans and loans secured by first and second mortgages on owner-occupied, single-family residences. The Bank's deposit instruments include checking accounts, money market accounts, statement savings accounts, Individual Retirement Accounts, and certificates of deposit. At Dec 31 2016, Co. had total assets of $990.7 million and total deposits of $870.6 million. According to our FSBK split history records, FSBK has had 4 splits. | |
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FSBK (FSBK) has 4 splits in our FSBK split history database. The first split for FSBK took place on August 20, 1998. This was a 3 for 2
split, meaning for each 2
shares of FSBK 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. FSBK's second split took place on April 22, 2002. This was a 3 for 2 split, meaning for each 2 shares of FSBK 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. FSBK's third split took place on April 26, 2004. This was a 3 for 2 split, meaning for each 2 shares of FSBK 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. FSBK's 4th split took place on May 26, 2006. This was a 3 for 2 split, meaning for each 2 shares of FSBK owned pre-split, the shareholder now owned 3 shares. For example, a 3375 share position pre-split, became a 5062.5 share position following the split.
When a company such as FSBK 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 FSBK split history from start to finish, an original position size of 1000 shares would have turned into 5062.5 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into FSBK shares, starting with a $10,000 purchase of FSBK, presented on a split-history-adjusted basis factoring in the complete FSBK split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/09/2014 |
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| End date: |
10/31/2017 |
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| Start price/share: |
$8.21 |
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| End price/share: |
$18.65 |
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| Starting shares: |
1,218.03 |
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| Ending shares: |
1,254.02 |
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| Dividends reinvested/share: |
$0.29 |
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| Total return: |
133.87% |
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| Average Annual Total Return: |
34.13% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$23,385.77 |
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| Years: |
2.89 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
12/09/2014 |
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| End date: |
10/31/2017 |
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| Start price/share: |
$8.21 |
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| End price/share: |
$18.65 |
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| Dividends collected/share: |
$0.29 |
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| Total return: |
130.69% |
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| Average Annual Total Return: |
33.50% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$23,069.40 |
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| Years: |
2.89 |
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| Date |
Ratio |
| 08/20/1998 | 3 for 2
| | 04/22/2002 | 3 for 2 | | 04/26/2004 | 3 for 2 | | 05/26/2006 | 3 for 2 |
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