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 Video: What is a Stock Split?
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| Heritage Oaks Bancorp is a bank holding company. Through its subsidiary, Heritage Oaks Bank, N.A. (the Bank), Co. provides banking products and services to businesses and consumers in San Luis Obispo and Santa Barbara Counties. The Bank provides to its commercial clients commercial loans secured by real estate, commercial loans and lines of credit, agricultural loans, construction financing, and other real estate loans. For consumers, the Bank provides residential mortgages, equity lines of credit and other consumer loans. Deposit products include personal and business checking and savings accounts. At Dec 31 2015, Co. had total assets of $1.90 billion and total deposits of $1.56 billion. According to our HEOP split history records, HEOP has had 8 splits. | |
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HEOP (HEOP) has 8 splits in our HEOP split history database. The first split for HEOP took place on April 05, 2001. This was a 105 for 100 split, meaning for each 100 shares of HEOP owned pre-split, the shareholder now owned 105 shares. For example, a 1000 share position pre-split, became a 1050 share position following the split. HEOP's second split took place on March 14, 2002. This was a 105 for 100 split, meaning for each 100 shares of HEOP owned pre-split, the shareholder now owned 105 shares. For example, a 1050 share position pre-split, became a 1102.5 share position following the split. HEOP's third split took place on August 16, 2002. This was a 2 for 1 split, meaning for each share of HEOP owned pre-split, the shareholder now owned 2 shares. For example, a 1102.5 share position pre-split, became a 2205 share position following the split. HEOP's 4th split took place on March 12, 2003. This was a 105 for 100 split, meaning for each 100 shares of HEOP owned pre-split, the shareholder now owned 105 shares. For example, a 2205 share position pre-split, became a 2315.25 share position following the split. HEOP's 5th split took place on April 06, 2004. This was a 105 for 100 split, meaning for each 100 shares of HEOP owned pre-split, the shareholder now owned 105 shares. For example, a 2315.25 share position pre-split, became a 2431.0125 share position following the split. HEOP's 6th split took place on April 06, 2005. This was a 105 for 100 split, meaning for each 100 shares of HEOP owned pre-split, the shareholder now owned 105 shares. For example, a 2431.0125 share position pre-split, became a 2552.563125 share position following the split. HEOP's 7th split took place on December 05, 2005. This was a 3 for 2 split, meaning for each 2 shares of HEOP owned pre-split, the shareholder now owned 3 shares. For example, a 2552.563125 share position pre-split, became a 3828.8446875 share position following the split. HEOP's 8th split took place on April 30, 2008. This was a 105 for 100 split, meaning for each 100 shares of HEOP owned pre-split, the shareholder now owned 105 shares. For example, a 3828.8446875 share position pre-split, became a 4020.286921875 share position following the split.
When a company such as HEOP 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 HEOP split history from start to finish, an original position size of 1000 shares would have turned into 4020.286921875 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into HEOP shares, starting with a $10,000 purchase of HEOP, presented on a split-history-adjusted basis factoring in the complete HEOP split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
05/01/2015 |
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| End date: |
03/31/2017 |
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| Start price/share: |
$7.72 |
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| End price/share: |
$13.35 |
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| Starting shares: |
1,295.34 |
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| Ending shares: |
1,370.94 |
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| Dividends reinvested/share: |
$0.48 |
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| Total return: |
83.02% |
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| Average Annual Total Return: |
37.05% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$18,302.39 |
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| Years: |
1.92 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
05/01/2015 |
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| End date: |
03/31/2017 |
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| Start price/share: |
$7.72 |
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| End price/share: |
$13.35 |
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| Dividends collected/share: |
$0.48 |
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| Total return: |
79.15% |
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| Average Annual Total Return: |
35.53% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$17,915.08 |
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| Years: |
1.92 |
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| Date |
Ratio |
| 04/05/2001 | 105 for 100 | | 03/14/2002 | 105 for 100 | | 08/16/2002 | 2 for 1 | | 03/12/2003 | 105 for 100 | | 04/06/2004 | 105 for 100 | | 04/06/2005 | 105 for 100 | | 12/05/2005 | 3 for 2 | | 04/30/2008 | 105 for 100 |
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