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 Video: What is a Stock Split?
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| Sandy Spring Bancorp, Inc. is the bank holding company for Sandy Spring Bank (the Bank). Co. offers a range of commercial and retail banking, mortgage, private banking and trust services at approximately 50 locations throughout central Maryland, northern Virginia, and Washington D.C. It offers a menu of loan products, which include commercial loans, residential real estate loans, and consumer loans. Its commercial loans consist of commercial real estate loans, commercial construction loans and commercial business loans. Its consumer loans include primarily home equity loans and lines, installment loans and personal lines of credit. According to our SASR split history records, Sandy Spring Bancorp has had 2 splits. | |
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Sandy Spring Bancorp (SASR) has 2 splits in our SASR split history database. The first split for SASR took place on February 24, 1998. This was a 2 for 1
split, meaning for each share of SASR 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. SASR's second split took place on December 21, 2001. This was a 3 for 2 split, meaning for each 2 shares of SASR owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 3000 share position following the split.
When a company such as Sandy Spring 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 SASR 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 Sandy Spring Bancorp shares, starting with a $10,000 purchase of SASR, presented on a split-history-adjusted basis factoring in the complete SASR split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/11/2014 |
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| End date: |
12/09/2024 |
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| Start price/share: |
$24.47 |
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| End price/share: |
$37.54 |
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| Starting shares: |
408.66 |
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| Ending shares: |
592.66 |
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| Dividends reinvested/share: |
$11.76 |
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| Total return: |
122.49% |
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| Average Annual Total Return: |
8.32% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$22,242.40 |
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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: |
12/11/2014 |
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| End date: |
12/09/2024 |
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| Start price/share: |
$24.47 |
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| End price/share: |
$37.54 |
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| Dividends collected/share: |
$11.76 |
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| Total return: |
101.47% |
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| Average Annual Total Return: |
7.25% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$20,139.85 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 02/24/1998 | 2 for 1
| | 12/21/2001 | 3 for 2 |
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