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 Video: What is a Stock Split?
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| IF Bancorp, Inc. operates as a savings and loan holding company for Iroquois Federal Savings and Loan Association (Iroquois Federal). Co. is primarily engaged in the business of directing, planning, and coordinating the business activities of Iroquois Federal. Iroquois Federal operates as a federally chartered savings association. Its business consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in a range of loans. It offers a range of deposit accounts, including savings accounts, certificates of deposit, money market accounts, and commercial and personal checking accounts, among others. According to our IROQ split history records, IF Bancorp has had 1 split. | |
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IF Bancorp (IROQ) has 1 split in our IROQ split history database. The split for IROQ took place on September 01, 1995. This was a 2 for 1
split, meaning for each share of IROQ 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.
When a company such as IF 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 IROQ split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into IF Bancorp shares, starting with a $10,000 purchase of IROQ, presented on a split-history-adjusted basis factoring in the complete IROQ split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/14/2015 |
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| End date: |
12/10/2025 |
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| Start price/share: |
$17.82 |
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| End price/share: |
$26.25 |
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| Starting shares: |
561.17 |
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| Ending shares: |
655.44 |
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| Dividends reinvested/share: |
$3.04 |
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| Total return: |
72.05% |
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| Average Annual Total Return: |
5.58% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$17,208.85 |
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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: |
12/14/2015 |
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| End date: |
12/10/2025 |
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| Start price/share: |
$17.82 |
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| End price/share: |
$26.25 |
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| Dividends collected/share: |
$3.04 |
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| Total return: |
64.37% |
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| Average Annual Total Return: |
5.10% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$16,442.50 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 09/01/1995 | 2 for 1
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