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 Video: What is a Stock Split?
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| Northeast Community Bancorp is a mid-tier holding company for Northeast Community Bank (the Bank). The Bank's principal business consists of originating construction loans and, to a lesser extent, commercial and industrial loans and multifamily and mixed-use residential real estate loans and non-residential real estate loans. The Bank provides a variety of retail deposit products to the general public. The Bank also provides investment advisory and financial planning services under the name Harbor West Wealth Management Group, a division of the Bank, through a networking arrangement with a registered broker-dealer and investment advisor. According to our NECB split history records, NorthEast Community Bancorp has had 1 split. | |
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NorthEast Community Bancorp (NECB) has 1 split in our NECB split history database. The split for NECB took place on July 13, 2021. This was a 134 for 100 split, meaning for each 100 shares of NECB owned pre-split, the shareholder now owned 134 shares. For example, a 1000 share position pre-split, became a 1340 share position following the split.
When a company such as NorthEast Community 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 NECB split history from start to finish, an original position size of 1000 shares would have turned into 1340 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into NorthEast Community Bancorp shares, starting with a $10,000 purchase of NECB, presented on a split-history-adjusted basis factoring in the complete NECB split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/07/2013 |
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| End date: |
10/04/2023 |
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| Start price/share: |
$5.02 |
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| End price/share: |
$14.98 |
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| Starting shares: |
1,992.03 |
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| Ending shares: |
2,337.45 |
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| Dividends reinvested/share: |
$1.33 |
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| Total return: |
250.15% |
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| Average Annual Total Return: |
13.35% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$34,999.85 |
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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: |
10/07/2013 |
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| End date: |
10/04/2023 |
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| Start price/share: |
$5.02 |
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| End price/share: |
$14.98 |
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| Dividends collected/share: |
$1.33 |
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| Total return: |
224.93% |
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| Average Annual Total Return: |
12.51% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$32,491.59 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 07/13/2021 | 134 for 100 |
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