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 Video: What is a Stock Split?
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| Greene County Bancorp is a holding company for its subsidiary, The Bank of Greene County (the Bank). Through the Bank, Co. is engaged in accepting retail deposits from the general public in the areas surrounding its branches and investing those deposits, together with funds generated from operations and borrowings, primarily in residential mortgage loans, commercial real estate mortgage loans, consumer loans, home equity loans and commercial business loans. In addition, the Bank invests a portion of its assets in state and political subdivision securities and mortgage-backed securities. Co.'s other subsidiary, Greene Risk Management, Inc., is a pooled captive insurance company. According to our GCBC split history records, Greene County Bancorp has had 4 splits. | |
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Greene County Bancorp (GCBC) has 4 splits in our GCBC split history database. The first split for GCBC took place on July 22, 1999. This was a 110 for 100
split, meaning for each 100
shares of GCBC owned pre-split, the shareholder now owned 110 shares. For example, a 1000 share position pre-split, became a 1100 share position following the split. GCBC's second split took place on June 01, 2005. This was a 2 for 1 split, meaning for each share of GCBC owned pre-split, the shareholder now owned 2 shares. For example, a 1100 share position pre-split, became a 2200 share position following the split. GCBC's third split took place on March 16, 2016. This was a 2 for 1 split, meaning for each share of GCBC owned pre-split, the shareholder now owned 2 shares. For example, a 2200 share position pre-split, became a 4400 share position following the split. GCBC's 4th split took place on March 24, 2023. This was a 2 for 1 split, meaning for each share of GCBC owned pre-split, the shareholder now owned 2 shares. For example, a 4400 share position pre-split, became a 8800 share position following the split.
When a company such as Greene County 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 GCBC split history from start to finish, an original position size of 1000 shares would have turned into 8800 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Greene County Bancorp shares, starting with a $10,000 purchase of GCBC, presented on a split-history-adjusted basis factoring in the complete GCBC split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/09/2014 |
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| End date: |
10/07/2024 |
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| Start price/share: |
$6.85 |
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| End price/share: |
$28.97 |
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| Starting shares: |
1,459.85 |
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| Ending shares: |
1,719.80 |
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| Dividends reinvested/share: |
$2.32 |
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| Total return: |
398.23% |
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| Average Annual Total Return: |
17.42% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$49,843.88 |
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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: |
10/09/2014 |
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| End date: |
10/07/2024 |
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| Start price/share: |
$6.85 |
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| End price/share: |
$28.97 |
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| Dividends collected/share: |
$2.32 |
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| Total return: |
356.73% |
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| Average Annual Total Return: |
16.40% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$45,678.36 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 07/22/1999 | 110 for 100
| | 06/01/2005 | 2 for 1 | | 03/16/2016 | 2 for 1 | | 03/24/2023 | 2 for 1 |
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