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 Video: What is a Stock Split?
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| Lakeland Bancorp is a bank holding company. Through its wholly owned subsidiary, Lakeland Bank (the Bank), Co. provides a suite of financial products and services for businesses and consumers. Through the Bank, Co. provides a range of lending, depository, and related financial services to individuals and small to medium sized businesses. The Bank also provides a range of consumer banking services, including checking accounts, savings accounts, interest-bearing checking accounts, money market accounts, certificates of deposit, internet banking, secured and unsecured loans, consumer installment loans, mortgage loans, and safe deposit services. According to our LBAI split history records, Lakeland Bancorp has had 9 splits. | |
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Lakeland Bancorp (LBAI) has 9 splits in our LBAI split history database. The first split for LBAI took place on October 27, 2000. This was a 105 for 100 split, meaning for each 100 shares of LBAI 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. LBAI's second split took place on October 29, 2001. This was a 105 for 100 split, meaning for each 100 shares of LBAI 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. LBAI's third split took place on October 29, 2002. This was a 105 for 100 split, meaning for each 100 shares of LBAI owned pre-split, the shareholder now owned 105 shares. For example, a 1102.5 share position pre-split, became a 1157.625 share position following the split. LBAI's 4th split took place on September 26, 2003. This was a 105 for 100 split, meaning for each 100 shares of LBAI owned pre-split, the shareholder now owned 105 shares. For example, a 1157.625 share position pre-split, became a 1215.50625 share position following the split. LBAI's 5th split took place on July 27, 2006. This was a 105 for 100 split, meaning for each 100 shares of LBAI owned pre-split, the shareholder now owned 105 shares. For example, a 1215.50625 share position pre-split, became a 1276.2815625 share position following the split. LBAI's 6th split took place on January 27, 2011. This was a 105 for 100 split, meaning for each 100 shares of LBAI owned pre-split, the shareholder now owned 105 shares. For example, a 1276.2815625 share position pre-split, became a 1340.095640625 share position following the split. LBAI's 7th split took place on March 28, 2012. This was a 105 for 100 split, meaning for each 100 shares of LBAI owned pre-split, the shareholder now owned 105 shares. For example, a 1340.095640625 share position pre-split, became a 1407.10042265625 share position following the split. LBAI's 8th split took place on October 29, 2007. This was a 105 for 100 split, meaning for each 100 shares of LBAI owned pre-split, the shareholder now owned 105 shares. For example, a 1407.10042265625 share position pre-split, became a 1477.45544378906 share position following the split. LBAI's 9th split took place on May 30, 2014. This was a 105 for 100 split, meaning for each 100 shares of LBAI owned pre-split, the shareholder now owned 105 shares. For example, a 1477.45544378906 share position pre-split, became a 1551.32821597852 share position following the split.
When a company such as Lakeland 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 LBAI split history from start to finish, an original position size of 1000 shares would have turned into 1551.32821597852 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Lakeland Bancorp shares, starting with a $10,000 purchase of LBAI, presented on a split-history-adjusted basis factoring in the complete LBAI split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/03/2013 |
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| End date: |
12/01/2023 |
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| Start price/share: |
$11.71 |
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| End price/share: |
$13.29 |
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| Starting shares: |
853.97 |
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| Ending shares: |
1,164.75 |
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| Dividends reinvested/share: |
$4.50 |
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| Total return: |
54.80% |
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| Average Annual Total Return: |
4.47% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$15,485.17 |
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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: |
12/03/2013 |
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| End date: |
12/01/2023 |
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| Start price/share: |
$11.71 |
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| End price/share: |
$13.29 |
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| Dividends collected/share: |
$4.50 |
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| Total return: |
51.95% |
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| Average Annual Total Return: |
4.27% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$15,191.26 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 10/27/2000 | 105 for 100 | | 10/29/2001 | 105 for 100 | | 10/29/2002 | 105 for 100 | | 09/26/2003 | 105 for 100 | | 07/27/2006 | 105 for 100 | | 01/27/2011 | 105 for 100 | | 03/28/2012 | 105 for 100 | | 10/29/2007 | 105 for 100 | | 05/30/2014 | 105 for 100 |
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