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 Video: What is a Stock Split?
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| Hanmi Financial Corporation is a holding company of Hanmi Bank (the Bank). The Bank serves multi-ethnic communities through its network of 35 full-service branches and eight loan production offices in California, Texas, Illinois, Virginia, New Jersey, New York, Colorado, Washington and Georgia. The Bank is a California state-chartered financial institution. The Bank specializes in real estate, commercial, small business administration (SBA) and trade finance lending to small and middle market businesses. The Bank originates loans for its own portfolio and for sale in the secondary market. According to our HAFC split history records, Hanmi Financial has had 8 splits. | |
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Hanmi Financial (HAFC) has 8 splits in our HAFC split history database. The first split for HAFC took place on March 18, 1998. This was a 109 for 100
split, meaning for each 100
shares of HAFC owned pre-split, the shareholder now owned 109 shares. For example, a 1000 share position pre-split, became a 1090 share position following the split. HAFC's second split took place on April 22, 1999. This was a 111 for 100
split, meaning for each 100
shares of HAFC owned pre-split, the shareholder now owned 111 shares. For example, a 1090 share position pre-split, became a 1209.9 share position following the split. HAFC's third split took place on February 28, 2000. This was a 110 for 100
split, meaning for each 100
shares of HAFC owned pre-split, the shareholder now owned 110 shares. For example, a 1209.9 share position pre-split, became a 1330.89 share position following the split. HAFC's 4th split took place on March 12, 2001. This was a 112 for 100 split, meaning for each 100 shares of HAFC owned pre-split, the shareholder now owned 112 shares. For example, a 1330.89 share position pre-split, became a 1490.5968 share position following the split. HAFC's 5th split took place on September 24, 2001. This was a 3 for 2 split, meaning for each 2 shares of HAFC owned pre-split, the shareholder now owned 3 shares. For example, a 1490.5968 share position pre-split, became a 2235.8952 share position following the split. HAFC's 6th split took place on March 05, 2002. This was a 109 for 100 split, meaning for each 100 shares of HAFC owned pre-split, the shareholder now owned 109 shares. For example, a 2235.8952 share position pre-split, became a 2437.125768 share position following the split. HAFC's 7th split took place on January 24, 2005. HAFC's 8th split took place on February 16, 2005. This was a 2 for 1 split, meaning for each share of HAFC owned pre-split, the shareholder now owned 2 shares. For example, a 2437.125768 share position pre-split, became a 4874.251536 share position following the split.
When a company such as Hanmi Financial 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 HAFC split history from start to finish, an original position size of 1000 shares would have turned into 4874.251536 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Hanmi Financial shares, starting with a $10,000 purchase of HAFC, presented on a split-history-adjusted basis factoring in the complete HAFC split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
06/14/2016 |
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| End date: |
06/12/2026 |
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| Start price/share: |
$23.12 |
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| End price/share: |
$31.75 |
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| Starting shares: |
432.53 |
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| Ending shares: |
652.68 |
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| Dividends reinvested/share: |
$8.88 |
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| Total return: |
107.22% |
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| Average Annual Total Return: |
7.56% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$20,725.64 |
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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: |
06/14/2016 |
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| End date: |
06/12/2026 |
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| Start price/share: |
$23.12 |
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| End price/share: |
$31.75 |
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| Dividends collected/share: |
$8.88 |
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| Total return: |
75.74% |
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| Average Annual Total Return: |
5.80% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$17,573.44 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 03/18/1998 | 109 for 100
| | 04/22/1999 | 111 for 100
| | 02/28/2000 | 110 for 100
| | 03/12/2001 | 112 for 100 | | 09/24/2001 | 3 for 2 | | 03/05/2002 | 109 for 100 | | 01/24/2005 | 1 for 1 | | 02/16/2005 | 2 for 1 |
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