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 Video: What is a Stock Split?
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| Sterling Bancorp is a bank holding company and financial holding company. Through its subsidiary, Sterling National Bank (the Bank), Co. provides a line of commercial, business, and consumer banking products and services. Co. conducts substantially all of its operations through the Bank. The Bank's principal business is accepting deposits and, together with funds generated from operations and borrowings, investing in various types of loans and securities. The Bank also operates its commercial finance businesses, which target markets across U.S. and includes asset-based lending, payroll financing, factoring, warehouse lending, equipment financing, and public sector financing. According to our STL split history records, STL has had 7 splits. | |
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STL (STL) has 7 splits in our STL split history database. The first split for STL took place on December 10, 1999. This was a 105 for 100
split, meaning for each 100
shares of STL owned pre-split, the shareholder now owned 105 shares. For example, a 1000 share position pre-split, became a 1050 share position following the split. STL's second split took place on November 29, 2000. This was a 110 for 100 split, meaning for each 100 shares of STL owned pre-split, the shareholder now owned 110 shares. For example, a 1050 share position pre-split, became a 1155 share position following the split. STL's third split took place on November 28, 2001. This was a 110 for 100 split, meaning for each 100 shares of STL owned pre-split, the shareholder now owned 110 shares. For example, a 1155 share position pre-split, became a 1270.5 share position following the split. STL's 4th split took place on November 27, 2002. This was a 12 for 10 split, meaning for each 10 shares of STL owned pre-split, the shareholder now owned 12 shares. For example, a 1270.5 share position pre-split, became a 1524.6 share position following the split. STL's 5th split took place on September 11, 2003. This was a 5 for 4 split, meaning for each 4 shares of STL owned pre-split, the shareholder now owned 5 shares. For example, a 1524.6 share position pre-split, became a 1905.75 share position following the split. STL's 6th split took place on December 09, 2004. This was a 6 for 5 split, meaning for each 5 shares of STL owned pre-split, the shareholder now owned 6 shares. For example, a 1905.75 share position pre-split, became a 2286.9 share position following the split. STL's 7th split took place on November 28, 2005. This was a 105 for 100 split, meaning for each 100 shares of STL owned pre-split, the shareholder now owned 105 shares. For example, a 2286.9 share position pre-split, became a 2401.245 share position following the split.
When a company such as STL 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 STL split history from start to finish, an original position size of 1000 shares would have turned into 2401.245 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into STL shares, starting with a $10,000 purchase of STL, presented on a split-history-adjusted basis factoring in the complete STL split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
08/16/2016 |
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| End date: |
01/31/2022 |
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| Start price/share: |
$17.16 |
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| End price/share: |
$26.29 |
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| Starting shares: |
582.75 |
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| Ending shares: |
630.43 |
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| Dividends reinvested/share: |
$1.54 |
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| Total return: |
65.74% |
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| Average Annual Total Return: |
9.69% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$16,574.22 |
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| Years: |
5.46 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
08/16/2016 |
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| End date: |
01/31/2022 |
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| Start price/share: |
$17.16 |
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| End price/share: |
$26.29 |
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| Dividends collected/share: |
$1.54 |
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| Total return: |
62.18% |
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| Average Annual Total Return: |
9.25% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$16,214.25 |
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| Years: |
5.46 |
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| Date |
Ratio |
| 12/10/1999 | 105 for 100
| | 11/29/2000 | 110 for 100 | | 11/28/2001 | 110 for 100 | | 11/27/2002 | 12 for 10 | | 09/11/2003 | 5 for 4 | | 12/09/2004 | 6 for 5 | | 11/28/2005 | 105 for 100 |
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