 |
 Video: What is a Stock Split?
|
|
|
| Provident Financial Holdings, Inc. is a holding company of Provident Savings Bank, F.S.B. (the Bank). The Bank is a federally chartered stock savings bank. The Bank is a financial services company committed to serving consumers and small to mid-sized businesses in the Inland Empire region of Southern California. The Bank conducts its business operations as Provident Bank, and through its subsidiary, Provident Financial Corp. The business activities of the Bank include community banking, investment services and trustee services for real estate transactions. According to our PROV split history records, Provident Financial Holdings has had 2 splits. | |
|
Provident Financial Holdings (PROV) has 2 splits in our PROV split history database. The first split for PROV took place on July 15, 2002. This was a 3 for 2 split, meaning for each 2 shares of PROV owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. PROV's second split took place on February 03, 2004. This was a 3 for 2 split, meaning for each 2 shares of PROV owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split.
When a company such as Provident Financial Holdings 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 PROV split history from start to finish, an original position size of 1000 shares would have turned into 2250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Provident Financial Holdings shares, starting with a $10,000 purchase of PROV, presented on a split-history-adjusted basis factoring in the complete PROV split history.
Growth of $10,000.00
With Dividends Reinvested
|
| Start date: |
04/30/2015 |
|
| End date: |
04/28/2025 |
|
| Start price/share: |
$16.55 |
|
| End price/share: |
$14.91 |
|
| Starting shares: |
604.23 |
|
| Ending shares: |
845.93 |
|
| Dividends reinvested/share: |
$5.46 |
|
| Total return: |
26.13% |
|
| Average Annual Total Return: |
2.35% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$12,615.55 |
|
| Years: |
10.00 |
|
| |
Growth of $10,000.00
Without Dividends Reinvested
|
| Start date: |
04/30/2015 |
|
| End date: |
04/28/2025 |
|
| Start price/share: |
$16.55 |
|
| End price/share: |
$14.91 |
|
| Dividends collected/share: |
$5.46 |
|
| Total return: |
23.08% |
|
| Average Annual Total Return: |
2.10% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$12,310.68 |
|
| Years: |
10.00 |
|
|
|
| Date |
Ratio |
| 07/15/2002 | 3 for 2 | | 02/03/2004 | 3 for 2 |
|
|
Free PROV Email Alerts:
