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 Video: What is a Stock Split?
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| Park National is a financial holding company. Co.'s banking operations are conducted through its subsidiary, The Park National Bank (Park National Bank). Park National Bank engages in the commercial banking and trust business, generally in small and medium population areas in Ohio, North Carolina and South Carolina communities in addition to operations within the metropolitan areas of Columbus and Cincinnati, Ohio, Charlotte, North Carolina, and Louisville, Kentucky. Park National Bank originates and retains for its own portfolio commercial and commercial real estate loans, commercial leases, residential real estate loans, home equity lines of credit, and installment loans. According to our PRK split history records, Park National has had 4 splits. | |
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Park National (PRK) has 4 splits in our PRK split history database. The first split for PRK took place on May 13, 1991. This was a 2 for 1
split, meaning for each share of PRK 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. PRK's second split took place on August 15, 1994. This was a 2 for 1
split, meaning for each share of PRK owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. PRK's third split took place on December 01, 1999. This was a 105 for 100
split, meaning for each 100
shares of PRK owned pre-split, the shareholder now owned 105 shares. For example, a 4000 share position pre-split, became a 4200 share position following the split. PRK's 4th split took place on November 29, 2004. This was a 105 for 100 split, meaning for each 100 shares of PRK owned pre-split, the shareholder now owned 105 shares. For example, a 4200 share position pre-split, became a 4410 share position following the split.
When a company such as Park National 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 PRK split history from start to finish, an original position size of 1000 shares would have turned into 4410 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Park National shares, starting with a $10,000 purchase of PRK, presented on a split-history-adjusted basis factoring in the complete PRK split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
09/24/2013 |
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| End date: |
09/21/2023 |
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| Start price/share: |
$78.99 |
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| End price/share: |
$95.21 |
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| Starting shares: |
126.60 |
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| Ending shares: |
190.72 |
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| Dividends reinvested/share: |
$40.90 |
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| Total return: |
81.58% |
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| Average Annual Total Return: |
6.15% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$18,160.55 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
09/24/2013 |
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| End date: |
09/21/2023 |
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| Start price/share: |
$78.99 |
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| End price/share: |
$95.21 |
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| Dividends collected/share: |
$40.90 |
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| Total return: |
72.31% |
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| Average Annual Total Return: |
5.59% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$17,225.16 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 05/13/1991 | 2 for 1
| | 08/15/1994 | 2 for 1
| | 12/01/1999 | 105 for 100
| | 11/29/2004 | 105 for 100 |
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