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 Video: What is a Stock Split?
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| Old Point Financial Corporation is a holding company of the Old Point National Bank of Phoebus (the Bank) and Old Point Trust & Financial Services, N.A. (the Wealth). The Bank serves individual and commercial customers in the Hampton Roads region of Virginia. It has over 14 branch offices, serving the Hampton Roads localities of Hampton, Newport News, Norfolk, Virginia Beach, Chesapeake, Williamsburg/James City County, York County, and Isle of Wight County. The Bank offers a full range of deposit and loan products to its retail and commercial customers, including mortgage loan products offered through Old Point Mortgage. According to our OPOF split history records, Old Point Financial has had 2 splits. | |
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Old Point Financial (OPOF) has 2 splits in our OPOF split history database. The first split for OPOF took place on November 05, 2002. This was a 3 for 2 split, meaning for each 2 shares of OPOF owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. OPOF's second split took place on October 02, 2007. This was a 5 for 4 split, meaning for each 4 shares of OPOF owned pre-split, the shareholder now owned 5 shares. For example, a 1500 share position pre-split, became a 1875 share position following the split.
When a company such as Old Point Financial 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 OPOF split history from start to finish, an original position size of 1000 shares would have turned into 1875 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Old Point Financial shares, starting with a $10,000 purchase of OPOF, presented on a split-history-adjusted basis factoring in the complete OPOF 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: |
09/02/2025 |
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| Start price/share: |
$18.00 |
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| End price/share: |
$42.10 |
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| Starting shares: |
555.56 |
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| Ending shares: |
686.72 |
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| Dividends reinvested/share: |
$4.66 |
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| Total return: |
189.11% |
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| Average Annual Total Return: |
11.54% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$28,918.90 |
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| Years: |
9.72 |
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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: |
09/02/2025 |
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| Start price/share: |
$18.00 |
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| End price/share: |
$42.10 |
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| Dividends collected/share: |
$4.66 |
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| Total return: |
159.78% |
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| Average Annual Total Return: |
10.32% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$25,986.01 |
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| Years: |
9.72 |
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| Date |
Ratio |
| 11/05/2002 | 3 for 2 | | 10/02/2007 | 5 for 4 |
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