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 Video: What is a Stock Split?
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| PrivateBancorp is a bank holding company. Through its bank subsidiary, The PrivateBank and Trust Company, Co. provides customized business and personal financial services to middle market companies, as well as business owners, executives, entrepreneurs and families. Co. provides a variety of business and personal banking products, including checking, savings and money market accounts and certificates of deposit. Co.'s bank branches are located principally in the greater Chicago metropolitan area, with additional branches in the St. Louis, Milwaukee and Detroit metropolitan areas. As of Dec 31 2015, Co. had total assets of $17.26 billion and total deposits of $14.35 billion. According to our PVTB split history records, PVTB has had 2 splits. | |
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PVTB (PVTB) has 2 splits in our PVTB split history database. The first split for PVTB took place on January 21, 2003. This was a 3 for 2 split, meaning for each 2 shares of PVTB 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. PVTB's second split took place on June 01, 2004. This was a 2 for 1 split, meaning for each share of PVTB owned pre-split, the shareholder now owned 2 shares. For example, a 1500 share position pre-split, became a 3000 share position following the split.
When a company such as PVTB 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 PVTB split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into PVTB shares, starting with a $10,000 purchase of PVTB, presented on a split-history-adjusted basis factoring in the complete PVTB split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
09/17/2014 |
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| End date: |
06/22/2017 |
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| Start price/share: |
$30.17 |
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| End price/share: |
$60.97 |
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| Starting shares: |
331.46 |
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| Ending shares: |
332.26 |
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| Dividends reinvested/share: |
$0.10 |
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| Total return: |
102.58% |
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| Average Annual Total Return: |
29.10% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$20,260.15 |
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| Years: |
2.76 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
09/17/2014 |
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| End date: |
06/22/2017 |
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| Start price/share: |
$30.17 |
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| End price/share: |
$60.97 |
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| Dividends collected/share: |
$0.10 |
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| Total return: |
102.42% |
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| Average Annual Total Return: |
29.06% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$20,242.80 |
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| Years: |
2.76 |
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| Date |
Ratio |
| 01/21/2003 | 3 for 2 | | 06/01/2004 | 2 for 1 |
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