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Video: What is a Stock Split?
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First Seacoast Bancorp is a savings and loan holding company. Co. conducts its operations primarily through its wholly-owned subsidiary, First Seacoast Bank. Co.'s business consists of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings from the Federal Home Loan Bank, in one- to four-family residential real estate loans, commercial real estate and multi-family real estate loans, acquisition, development and land loans, commercial and industrial loans, home equity loans and lines of credit and consumer loans. Co. conducts its operations from banking offices in Strafford County, NH, and in Rockingham County, NH. According to our FSEA split history records, First Seacoast Bancorp has had 1 split. | |
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First Seacoast Bancorp (FSEA) has 1 split in our FSEA split history database. The split for FSEA took place on January 20, 2023. This was a 8358 for 10000 reverse split, meaning for each 10000 shares of FSEA owned pre-split, the shareholder now owned 8358 shares. For example, a 1000 share position pre-split, became a 835.8 share position following the split.
When a company such as First Seacoast Bancorp conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the FSEA split history from start to finish, an original position size of 1000 shares would have turned into 835.8 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into First Seacoast Bancorp shares, starting with a $10,000 purchase of FSEA, presented on a split-history-adjusted basis factoring in the complete FSEA split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
07/18/2019 |
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End date: |
04/16/2024 |
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Start price/share: |
$11.67 |
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End price/share: |
$8.75 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-25.02% |
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Average Annual Total Return: |
-5.88% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$7,498.44 |
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Years: |
4.75 |
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Date |
Ratio |
01/20/2023 | 8358 for 10000 |
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