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 Video: What is a Stock Split?
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| Magyar Bancorp, Inc. is a bank holding company of Magyar Bank (the Bank). It acts as an independent, community, financial services provider, and offers traditional banking and related financial services to individual, business, and government customers. It offers commercial and retail financial services, including the taking of time, savings, and demand deposits; the making of commercial, consumer and home equity loans; and the provision of other financial services. According to our MGYR split history records, Magyar Bancorp has had 1 split. | |
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Magyar Bancorp (MGYR) has 1 split in our MGYR split history database. The split for MGYR took place on July 15, 2021. This was a 1221 for 1000 split, meaning for each 1000 shares of MGYR owned pre-split, the shareholder now owned 1221 shares. For example, a 1000 share position pre-split, became a 1221 share position following the split.
When a company such as Magyar 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 MGYR split history from start to finish, an original position size of 1000 shares would have turned into 1221 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Magyar Bancorp shares, starting with a $10,000 purchase of MGYR, presented on a split-history-adjusted basis factoring in the complete MGYR split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/30/2015 |
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| End date: |
04/28/2025 |
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| Start price/share: |
$7.05 |
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| End price/share: |
$13.99 |
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| Starting shares: |
1,418.44 |
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| Ending shares: |
1,519.80 |
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| Dividends reinvested/share: |
$0.82 |
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| Total return: |
112.62% |
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| Average Annual Total Return: |
7.83% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$21,256.21 |
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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: |
04/30/2015 |
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| End date: |
04/28/2025 |
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| Start price/share: |
$7.05 |
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| End price/share: |
$13.99 |
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| Dividends collected/share: |
$0.82 |
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| Total return: |
110.07% |
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| Average Annual Total Return: |
7.70% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$21,001.26 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 07/15/2021 | 1221 for 1000 |
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