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 Video: What is a Stock Split?
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| Ponce Financial Group, Inc. is the holding company of Ponce Bank (the Bank), a federally chartered stock savings association. It operates through the administrative office and 13 full-service banking offices and five mortgage loan offices. The Bank's business primarily consists of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in mortgage loans, consisting of one-to-four family residential (both investor-owned and owner-occupied), multifamily residential, nonresidential properties and construction and land, and, to a lesser extent, in business and consumer loans. According to our PDLB split history records, Ponce Financial Group has had 1 split. | |
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Ponce Financial Group (PDLB) has 1 split in our PDLB split history database. The split for PDLB took place on January 28, 2022. This was a 1395 for 1000 split, meaning for each 1000 shares of PDLB owned pre-split, the shareholder now owned 1395 shares. For example, a 1000 share position pre-split, became a 1395 share position following the split.
When a company such as Ponce Financial Group 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 PDLB split history from start to finish, an original position size of 1000 shares would have turned into 1395 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Ponce Financial Group shares, starting with a $10,000 purchase of PDLB, presented on a split-history-adjusted basis factoring in the complete PDLB split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/03/2017 |
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| End date: |
12/09/2024 |
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| Start price/share: |
$10.57 |
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| End price/share: |
$13.07 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
23.65% |
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| Average Annual Total Return: |
3.00% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$12,367.65 |
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| Years: |
7.19 |
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| Date |
Ratio |
| 01/28/2022 | 1395 for 1000 |
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