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 Video: What is a Stock Split?
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| A savings and loan holding company which provides community banking services to individuals and companies in southern California through its wholly-owned subsidiary PFF Bank & Trust. According to our PFB split history records, PFB has had 2 splits. | |
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PFB (PFB) has 2 splits in our PFB split history database. The first split for PFB took place on September 08, 2003. This was a 7 for 5 split, meaning for each 5 shares of PFB owned pre-split, the shareholder now owned 7 shares. For example, a 1000 share position pre-split, became a 1400 share position following the split. PFB's second split took place on March 04, 2005. This was a 3 for 2 split, meaning for each 2 shares of PFB owned pre-split, the shareholder now owned 3 shares. For example, a 1400 share position pre-split, became a 2100 share position following the split.
When a company such as PFB 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 PFB split history from start to finish, an original position size of 1000 shares would have turned into 2100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into PFB shares, starting with a $10,000 purchase of PFB, presented on a split-history-adjusted basis factoring in the complete PFB split history.
PFB -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 09/08/2003 | 7 for 5 | | 03/04/2005 | 3 for 2 |
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