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Video: What is a Stock Split?
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Pacific Mercantile Bancorp is a bank holding company. Through its subsidiary, Pacific Mercantile Bank, Co. provides a range of banking services to middle-market businesses primarily in Orange, Los Angeles, San Bernardino and San Diego counties in Southern California. Co.'s deposit products include noninterest-bearing checking accounts, interest-bearing checking accounts, money market and savings deposits, and certificates of deposit. Co. provides its customers a number of loan products, including commercial loans and credit lines, accounts receivable and inventory financing, Small Business Administration guaranteed business loans, and owner-occupied commercial real estate loans. According to our PMBC split history records, PMBC has had 1 split. | |
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PMBC (PMBC) has 1 split in our PMBC split history database. The split for PMBC took place on April 17, 2000. This was a 2 for 1
split, meaning for each share of PMBC owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.
When a company such as PMBC 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 PMBC split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into PMBC shares, starting with a $10,000 purchase of PMBC, presented on a split-history-adjusted basis factoring in the complete PMBC split history.

Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
02/17/2015 |
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End date: |
10/18/2021 |
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Start price/share: |
$7.10 |
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End price/share: |
$9.40 |
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Dividends collected/share: |
$0.00 |
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Total return: |
32.39% |
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Average Annual Total Return: |
4.30% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$13,241.24 |
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Years: |
6.67 |
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Date |
Ratio |
04/17/2000 | 2 for 1
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