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 Video: What is a Stock Split?
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| Peapack-Gladstone Financial Corporation is a bank holding company. Co.'s principal subsidiary is Peapack-Gladstone Bank (the Bank), which is a state-chartered commercial bank. Its segments include Banking and Peapack Private. The Banking segment includes commercial (includes corporate and industrial (C&I) and equipment financing), commercial real estate, multifamily, residential and consumer lending activities; treasury management services; C&I advisory services; escrow management; deposit generation; operation of ATMs; telephone and Internet banking services; merchant credit card services, and customer support sales. According to our PGC split history records, Peapack-Gladstone Financial has had 5 splits. | |
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Peapack-Gladstone Financial (PGC) has 5 splits in our PGC split history database. The first split for PGC took place on September 27, 2001. This was a 11 for 10 split, meaning for each 10 shares of PGC owned pre-split, the shareholder now owned 11 shares. For example, a 1000 share position pre-split, became a 1100 share position following the split. PGC's second split took place on November 04, 2002. This was a 2 for 1 split, meaning for each share of PGC owned pre-split, the shareholder now owned 2 shares. For example, a 1100 share position pre-split, became a 2200 share position following the split. PGC's third split took place on September 29, 2003. This was a 11 for 10 split, meaning for each 10 shares of PGC owned pre-split, the shareholder now owned 11 shares. For example, a 2200 share position pre-split, became a 2420 share position following the split. PGC's 4th split took place on September 29, 2004. This was a 11 for 10 split, meaning for each 10 shares of PGC owned pre-split, the shareholder now owned 11 shares. For example, a 2420 share position pre-split, became a 2662 share position following the split. PGC's 5th split took place on July 07, 2009. This was a 105 for 100 split, meaning for each 100 shares of PGC owned pre-split, the shareholder now owned 105 shares. For example, a 2662 share position pre-split, became a 2795.1 share position following the split.
When a company such as Peapack-Gladstone 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 PGC split history from start to finish, an original position size of 1000 shares would have turned into 2795.1 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Peapack-Gladstone Financial shares, starting with a $10,000 purchase of PGC, presented on a split-history-adjusted basis factoring in the complete PGC split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/13/2016 |
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| End date: |
10/09/2026 |
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| Start price/share: |
$21.73 |
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| End price/share: |
$43.37 |
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| Starting shares: |
460.19 |
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| Ending shares: |
493.18 |
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| Dividends reinvested/share: |
$2.00 |
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| Total return: |
113.89% |
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| Average Annual Total Return: |
7.90% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$21,381.27 |
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| Years: |
9.99 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/13/2016 |
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| End date: |
10/09/2026 |
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| Start price/share: |
$21.73 |
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| End price/share: |
$43.37 |
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| Dividends collected/share: |
$2.00 |
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| Total return: |
108.79% |
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| Average Annual Total Return: |
7.64% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$20,871.89 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 09/27/2001 | 11 for 10 | | 11/04/2002 | 2 for 1 | | 09/29/2003 | 11 for 10 | | 09/29/2004 | 11 for 10 | | 07/07/2009 | 105 for 100 |
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