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Video: What is a Stock Split?
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Premier Financial Bancorp is a multi-bank holding company and financial holding company. Through its subsidiaries (the Banks), Citizens Deposit Bank and Trust, Inc. and Premier Bank, Inc., Co. provides a range of retail and commercial banking services, including commercial, real estate, agricultural and consumer lending; depository and funds transfer services; collections; safe deposit boxes; cash management services; and other services for both individuals and businesses. The Banks' range of deposit services includes checking accounts, NOW accounts, savings accounts, money market accounts, club accounts, individual retirement accounts, certificates of deposit and overdraft protection. According to our PFBI split history records, PFBI has had 3 splits. | |
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PFBI (PFBI) has 3 splits in our PFBI split history database. The first split for PFBI took place on September 17, 1998. This was a 21 for 20
split, meaning for each 20
shares of PFBI owned pre-split, the shareholder now owned 21 shares. For example, a 1000 share position pre-split, became a 1050 share position following the split. PFBI's second split took place on January 23, 2014. This was a 10076 for 10000 split, meaning for each 10000 shares of PFBI owned pre-split, the shareholder now owned 10076 shares. For example, a 1050 share position pre-split, became a 1057.98 share position following the split. PFBI's third split took place on June 11, 2018. This was a 125 for 100 split, meaning for each 100 shares of PFBI owned pre-split, the shareholder now owned 125 shares. For example, a 1057.98 share position pre-split, became a 1322.475 share position following the split.
When a company such as PFBI 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 PFBI split history from start to finish, an original position size of 1000 shares would have turned into 1322.475 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into PFBI shares, starting with a $10,000 purchase of PFBI, presented on a split-history-adjusted basis factoring in the complete PFBI split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
11/04/2014 |
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End date: |
09/17/2021 |
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Start price/share: |
$12.43 |
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End price/share: |
$17.79 |
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Starting shares: |
804.51 |
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Ending shares: |
1,103.78 |
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Dividends reinvested/share: |
$4.73 |
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Total return: |
96.36% |
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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: |
$19,637.55 |
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Years: |
6.87 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
11/04/2014 |
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End date: |
09/17/2021 |
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Start price/share: |
$12.43 |
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End price/share: |
$17.79 |
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Dividends collected/share: |
$4.73 |
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Total return: |
81.19% |
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Average Annual Total Return: |
9.04% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$18,124.29 |
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Years: |
6.87 |
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Date |
Ratio |
09/17/1998 | 21 for 20
| 01/23/2014 | 10076 for 10000 | 06/11/2018 | 125 for 100 |
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