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 Video: What is a Stock Split?
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| Reliant Bancorp is a bank holding company. Through its subsidiary, Reliant Bank, Co. provides a range of banking products and services to corporate and consumer clients. Co.'s core deposits include savings, noninterest-bearing checking, interest-bearing checking, money market and certificate of deposit accounts, including access to products provided through various Certificate of Deposit Account Registry Service programs. Co. also provides an array of products and services, including MoneyPass, a nationwide network of automated teller machines available to its clients, telephone and online banking, mobile banking, debit and credit cards, direct deposit and mobile deposit options. According to our RBNC split history records, RBNC has had 10 splits. | |
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RBNC (RBNC) has 10 splits in our RBNC split history database. The first split for RBNC took place on October 31, 1996. This was a 11 for 10
split, meaning for each 10
shares of RBNC owned pre-split, the shareholder now owned 11 shares. For example, a 1000 share position pre-split, became a 1100 share position following the split. RBNC's second split took place on November 05, 1997. This was a 11 for 10
split, meaning for each 10
shares of RBNC owned pre-split, the shareholder now owned 11 shares. For example, a 1100 share position pre-split, became a 1210 share position following the split. RBNC's third split took place on September 14, 1998. This was a 5 for 4
split, meaning for each 4
shares of RBNC owned pre-split, the shareholder now owned 5 shares. For example, a 1210 share position pre-split, became a 1512.5 share position following the split. RBNC's 4th split took place on December 01, 1999. This was a 110 for 100
split, meaning for each 100
shares of RBNC owned pre-split, the shareholder now owned 110 shares. For example, a 1512.5 share position pre-split, became a 1663.75 share position following the split. RBNC's 5th split took place on November 08, 2000. This was a 11 for 10 split, meaning for each 10 shares of RBNC owned pre-split, the shareholder now owned 11 shares. For example, a 1663.75 share position pre-split, became a 1830.125 share position following the split. RBNC's 6th split took place on November 07, 2001. This was a 11 for 10 split, meaning for each 10 shares of RBNC owned pre-split, the shareholder now owned 11 shares. For example, a 1830.125 share position pre-split, became a 2013.1375 share position following the split. RBNC's 7th split took place on November 06, 2002. This was a 11 for 10 split, meaning for each 10 shares of RBNC owned pre-split, the shareholder now owned 11 shares. For example, a 2013.1375 share position pre-split, became a 2214.45125 share position following the split. RBNC's 8th split took place on November 05, 2003. This was a 11 for 10 split, meaning for each 10 shares of RBNC owned pre-split, the shareholder now owned 11 shares. For example, a 2214.45125 share position pre-split, became a 2435.896375 share position following the split. RBNC's 9th split took place on November 03, 2004. This was a 11 for 10 split, meaning for each 10 shares of RBNC owned pre-split, the shareholder now owned 11 shares. For example, a 2435.896375 share position pre-split, became a 2679.4860125 share position following the split. RBNC's 10th split took place on November 02, 2005. This was a 11 for 10 split, meaning for each 10 shares of RBNC owned pre-split, the shareholder now owned 11 shares. For example, a 2679.4860125 share position pre-split, became a 2947.43461375 share position following the split.
When a company such as RBNC 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 RBNC split history from start to finish, an original position size of 1000 shares would have turned into 2947.43461375 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into RBNC shares, starting with a $10,000 purchase of RBNC, presented on a split-history-adjusted basis factoring in the complete RBNC split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/09/2014 |
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| End date: |
12/31/2021 |
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| Start price/share: |
$12.50 |
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| End price/share: |
$35.50 |
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| Starting shares: |
800.00 |
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| Ending shares: |
895.73 |
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| Dividends reinvested/share: |
$2.22 |
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| Total return: |
217.98% |
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| Average Annual Total Return: |
17.34% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$31,790.32 |
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| Years: |
7.23 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/09/2014 |
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| End date: |
12/31/2021 |
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| Start price/share: |
$12.50 |
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| End price/share: |
$35.50 |
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| Dividends collected/share: |
$2.22 |
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| Total return: |
201.76% |
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| Average Annual Total Return: |
16.50% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$30,180.56 |
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| Years: |
7.23 |
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| Date |
Ratio |
| 10/31/1996 | 11 for 10
| | 11/05/1997 | 11 for 10
| | 09/14/1998 | 5 for 4
| | 12/01/1999 | 110 for 100
| | 11/08/2000 | 11 for 10 | | 11/07/2001 | 11 for 10 | | 11/06/2002 | 11 for 10 | | 11/05/2003 | 11 for 10 | | 11/03/2004 | 11 for 10 | | 11/02/2005 | 11 for 10 |
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