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 Video: What is a Stock Split?
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| Penns Woods Bancorp, Inc. is a bank holding company. Co. operates, through its subsidiaries, namely Jersey Shore State Bank (JSSB) and Luzerne Bank (Luzerne) (the Banks). The Banks engage in business as commercial banks, doing business at locations in Lycoming, Clinton, Centre, Montour, Union, Blair, and Luzerne Counties, Pennsylvania. The Banks offers insurance, securities brokerage services, annuity and mutual fund investment products, and financial planning through the M Group, Inc. doing business as The Comprehensive Financial Group (M Group). According to our PWOD split history records, Penns Woods Bancorp has had 5 splits. | |
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Penns Woods Bancorp (PWOD) has 5 splits in our PWOD split history database. The first split for PWOD took place on January 16, 1998. This was a 2 for 1
split, meaning for each share of PWOD 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. PWOD's second split took place on May 06, 1999. This was a 11 for 10
split, meaning for each 10
shares of PWOD owned pre-split, the shareholder now owned 11 shares. For example, a 2000 share position pre-split, became a 2200 share position following the split. PWOD's third split took place on October 10, 2003. This was a 11 for 10 split, meaning for each 10 shares of PWOD 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. PWOD's 4th split took place on November 02, 2005. This was a 120 for 100 split, meaning for each 100 shares of PWOD owned pre-split, the shareholder now owned 120 shares. For example, a 2420 share position pre-split, became a 2904 share position following the split. PWOD's 5th split took place on October 01, 2019. This was a 3 for 2 split, meaning for each 2 shares of PWOD owned pre-split, the shareholder now owned 3 shares. For example, a 2904 share position pre-split, became a 4356 share position following the split.
When a company such as Penns Woods Bancorp 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 PWOD split history from start to finish, an original position size of 1000 shares would have turned into 4356 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Penns Woods Bancorp shares, starting with a $10,000 purchase of PWOD, presented on a split-history-adjusted basis factoring in the complete PWOD split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/29/2015 |
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| End date: |
04/25/2025 |
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| Start price/share: |
$29.77 |
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| End price/share: |
$27.92 |
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| Starting shares: |
335.91 |
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| Ending shares: |
543.58 |
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| Dividends reinvested/share: |
$12.68 |
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| Total return: |
51.77% |
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| Average Annual Total Return: |
4.26% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$15,174.96 |
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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: |
04/29/2015 |
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| End date: |
04/25/2025 |
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| Start price/share: |
$29.77 |
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| End price/share: |
$27.92 |
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| Dividends collected/share: |
$12.68 |
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| Total return: |
36.38% |
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| Average Annual Total Return: |
3.15% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$13,635.01 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 01/16/1998 | 2 for 1
| | 05/06/1999 | 11 for 10
| | 10/10/2003 | 11 for 10 | | 11/02/2005 | 120 for 100 | | 10/01/2019 | 3 for 2 |
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