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Video: What is a Stock Split?
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Orrstown Financial Services is a financial holding company. Through its subsidiary, Orrstown Bank, Co. provides banking and financial advisory services located in south central Pennsylvania, and in Anne Arundel, Baltimore, Howard and Washington Counties, MD, as well as Baltimore City, MD. Co. operates in the community banking segment and engages in lending activities, including commercial, residential, commercial mortgages, construction, municipal, and various forms of consumer lending and deposit services, including checking, savings, time and money market deposits. Co. also provides fiduciary, investment advisory, insurance and brokerage services. According to our ORRF split history records, Orrstown Financial Services has had 6 splits. | |
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Orrstown Financial Services (ORRF) has 6 splits in our ORRF split history database. The first split for ORRF took place on November 03, 1999. This was a 1075 for 1000
split, meaning for each 1000
shares of ORRF owned pre-split, the shareholder now owned 1075 shares. For example, a 1000 share position pre-split, became a 1075 share position following the split. ORRF's second split took place on July 30, 2001. This was a 105 for 100 split, meaning for each 100 shares of ORRF owned pre-split, the shareholder now owned 105 shares. For example, a 1075 share position pre-split, became a 1128.75 share position following the split. ORRF's third split took place on May 08, 2003. This was a 105 for 100 split, meaning for each 100 shares of ORRF owned pre-split, the shareholder now owned 105 shares. For example, a 1128.75 share position pre-split, became a 1185.1875 share position following the split. ORRF's 4th split took place on February 11, 2004. This was a 2 for 1 split, meaning for each share of ORRF owned pre-split, the shareholder now owned 2 shares. For example, a 1185.1875 share position pre-split, became a 2370.375 share position following the split. ORRF's 5th split took place on June 01, 2005. This was a 105 for 100 split, meaning for each 100 shares of ORRF owned pre-split, the shareholder now owned 105 shares. For example, a 2370.375 share position pre-split, became a 2488.89375 share position following the split. ORRF's 6th split took place on May 23, 2007. This was a 105 for 100 split, meaning for each 100 shares of ORRF owned pre-split, the shareholder now owned 105 shares. For example, a 2488.89375 share position pre-split, became a 2613.3384375 share position following the split.
When a company such as Orrstown Financial Services 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 ORRF split history from start to finish, an original position size of 1000 shares would have turned into 2613.3384375 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Orrstown Financial Services shares, starting with a $10,000 purchase of ORRF, presented on a split-history-adjusted basis factoring in the complete ORRF split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/29/2014 |
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End date: |
04/26/2024 |
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Start price/share: |
$16.67 |
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End price/share: |
$26.48 |
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Starting shares: |
599.88 |
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Ending shares: |
772.76 |
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Dividends reinvested/share: |
$5.28 |
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Total return: |
104.63% |
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Average Annual Total Return: |
7.42% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$20,457.45 |
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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: |
04/29/2014 |
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End date: |
04/26/2024 |
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Start price/share: |
$16.67 |
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End price/share: |
$26.48 |
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Dividends collected/share: |
$5.28 |
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Total return: |
90.52% |
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Average Annual Total Return: |
6.66% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$19,055.30 |
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Years: |
10.00 |
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Date |
Ratio |
11/03/1999 | 1075 for 1000
| 07/30/2001 | 105 for 100 | 05/08/2003 | 105 for 100 | 02/11/2004 | 2 for 1 | 06/01/2005 | 105 for 100 | 05/23/2007 | 105 for 100 |
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