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 Video: What is a Stock Split?
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| Southcoast Financial is a bank holding company. Through its subsidiary, Southcoast Community Bank (the Bank), Co. provides commercial banking services. Deposit services include business and personal checking accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts and other deposit services. The Bank also provides secured and unsecured, short-to-intermediate term loans, with floating and fixed interest rates for commercial, consumer and residential purposes. Other services include residential mortgage loan origination services and safe deposit boxes. At Dec 31 2014, Co. had total assets of $476.8 million and total deposits of $331.0 million. According to our SOCB split history records, SOCB has had 11 splits. | |
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SOCB (SOCB) has 11 splits in our SOCB split history database. The first split for SOCB took place on March 13, 2001. This was a 11 for 10 split, meaning for each 10 shares of SOCB 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. SOCB's second split took place on April 18, 2002. This was a 11 for 10 split, meaning for each 10 shares of SOCB 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. SOCB's third split took place on May 07, 2003. This was a 11 for 10 split, meaning for each 10 shares of SOCB owned pre-split, the shareholder now owned 11 shares. For example, a 1210 share position pre-split, became a 1331 share position following the split. SOCB's 4th split took place on July 17, 2003. This was a 105 for 100 split, meaning for each 100 shares of SOCB owned pre-split, the shareholder now owned 105 shares. For example, a 1331 share position pre-split, became a 1397.55 share position following the split. SOCB's 5th split took place on May 05, 2004. This was a 11 for 10 split, meaning for each 10 shares of SOCB owned pre-split, the shareholder now owned 11 shares. For example, a 1397.55 share position pre-split, became a 1537.305 share position following the split. SOCB's 6th split took place on May 25, 2005. This was a 11 for 10 split, meaning for each 10 shares of SOCB owned pre-split, the shareholder now owned 11 shares. For example, a 1537.305 share position pre-split, became a 1691.0355 share position following the split. SOCB's 7th split took place on May 03, 2006. This was a 11 for 10 split, meaning for each 10 shares of SOCB owned pre-split, the shareholder now owned 11 shares. For example, a 1691.0355 share position pre-split, became a 1860.13905 share position following the split. SOCB's 8th split took place on May 30, 2007. This was a 11 for 10 split, meaning for each 10 shares of SOCB owned pre-split, the shareholder now owned 11 shares. For example, a 1860.13905 share position pre-split, became a 2046.152955 share position following the split. SOCB's 9th split took place on June 13, 2011. This was a 110 for 100 split, meaning for each 100 shares of SOCB owned pre-split, the shareholder now owned 110 shares. For example, a 2046.152955 share position pre-split, became a 2250.7682505 share position following the split. SOCB's 10th split took place on December 27, 2012. This was a 23 for 20 split, meaning for each 20 shares of SOCB owned pre-split, the shareholder now owned 23 shares. For example, a 2250.7682505 share position pre-split, became a 2588.383488075 share position following the split. SOCB's 11th split took place on May 29, 2013. This was a 23 for 20 split, meaning for each 20 shares of SOCB owned pre-split, the shareholder now owned 23 shares. For example, a 2588.383488075 share position pre-split, became a 2976.64101128625 share position following the split.
When a company such as SOCB 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 SOCB split history from start to finish, an original position size of 1000 shares would have turned into 2976.64101128625 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SOCB shares, starting with a $10,000 purchase of SOCB, presented on a split-history-adjusted basis factoring in the complete SOCB split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
11/20/2015 |
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| End date: |
06/16/2016 |
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| Start price/share: |
$15.36 |
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| End price/share: |
$14.02 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-8.72% |
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| Annualized Gain: |
-15.31% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$9,128.00 |
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| Years: |
0.57 |
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| Date |
Ratio |
| 03/13/2001 | 11 for 10 | | 04/18/2002 | 11 for 10 | | 05/07/2003 | 11 for 10 | | 07/17/2003 | 105 for 100 | | 05/05/2004 | 11 for 10 | | 05/25/2005 | 11 for 10 | | 05/03/2006 | 11 for 10 | | 05/30/2007 | 11 for 10 | | 06/13/2011 | 110 for 100 | | 12/27/2012 | 23 for 20 | | 05/29/2013 | 23 for 20 |
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