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 Video: What is a Stock Split?
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| First National is a bank holding company. Through its subsidiary, First Bank, Inc., Co. provides loan, deposit, and wealth management products and services. Loan products and services include consumer loans, residential mortgages, home equity loans, and commercial loans. Deposit products and services include checking accounts, treasury management solutions, savings accounts, money market accounts, certificates of deposit, and individual retirement accounts. Wealth management services include estate planning, investment management of assets, trustee under an agreement, trustee under a will, individual retirement accounts, and estate settlement. According to our FXNC split history records, First National has had 2 splits. | |
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First National (FXNC) has 2 splits in our FXNC split history database. The first split for FXNC took place on June 02, 2003. This was a 2 for 1 split, meaning for each share of FXNC 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. FXNC's second split took place on May 02, 2005. This was a 2 for 1 split, meaning for each share of FXNC 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.
When a company such as First National 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 FXNC split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into First National shares, starting with a $10,000 purchase of FXNC, presented on a split-history-adjusted basis factoring in the complete FXNC 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: |
$7.40 |
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| End price/share: |
$15.03 |
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| Starting shares: |
1,351.35 |
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| Ending shares: |
1,638.43 |
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| Dividends reinvested/share: |
$3.23 |
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| Total return: |
146.26% |
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| Average Annual Total Return: |
9.43% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$24,618.23 |
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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: |
$7.40 |
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| End price/share: |
$15.03 |
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| Dividends collected/share: |
$3.23 |
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| Total return: |
146.69% |
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| Average Annual Total Return: |
9.45% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$24,663.25 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 06/02/2003 | 2 for 1 | | 05/02/2005 | 2 for 1 |
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