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 Video: What is a Stock Split?
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| Riverview Bancorp is the bank holding company. Through its wholly-owned subsidiary, Riverview Bank, Co. is engaged primarily in the business of accepting deposits from the general public and using such funds in its primary market area to originate commercial business, commercial real estate, multi-family real estate, land, real estate construction, residential real estate and other consumer loans. Co. accepts deposits from within its primary market area by providing a range of deposit instruments, including demand deposits, negotiable order of withdrawal accounts, money market accounts, savings accounts, certificates of deposit and retirement savings plans. According to our RVSB split history records, Riverview Bancorp has had 3 splits. | |
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Riverview Bancorp (RVSB) has 3 splits in our RVSB split history database. The first split for RVSB took place on March 26, 1997. This was a 11 for 10
split, meaning for each 10
shares of RVSB 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. RVSB's second split took place on October 01, 1997. This was a 2536 for 1000
split, meaning for each 1000
shares of RVSB owned pre-split, the shareholder now owned 2536 shares. For example, a 1100 share position pre-split, became a 2789.6 share position following the split. RVSB's third split took place on August 25, 2006. This was a 2 for 1 split, meaning for each share of RVSB owned pre-split, the shareholder now owned 2 shares. For example, a 2789.6 share position pre-split, became a 5579.2 share position following the split.
When a company such as Riverview 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 RVSB split history from start to finish, an original position size of 1000 shares would have turned into 5579.2 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Riverview Bancorp shares, starting with a $10,000 purchase of RVSB, presented on a split-history-adjusted basis factoring in the complete RVSB split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/29/2014 |
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| End date: |
04/26/2024 |
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| Start price/share: |
$3.45 |
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| End price/share: |
$4.45 |
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| Starting shares: |
2,898.55 |
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| Ending shares: |
3,700.31 |
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| Dividends reinvested/share: |
$1.52 |
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| Total return: |
64.66% |
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| Average Annual Total Return: |
5.11% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$16,460.40 |
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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: |
04/29/2014 |
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| End date: |
04/26/2024 |
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| Start price/share: |
$3.45 |
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| End price/share: |
$4.45 |
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| Dividends collected/share: |
$1.52 |
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| Total return: |
73.04% |
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| Average Annual Total Return: |
5.64% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$17,309.48 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 03/26/1997 | 11 for 10
| | 10/01/1997 | 2536 for 1000
| | 08/25/2006 | 2 for 1 |
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