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 Video: What is a Stock Split?
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| Suffolk Bancorp is a bank holding company. Through its Suffolk County National Bank of Riverhead subsidiary, Co. provides domestic commercial and retail banking services and wealth management services. The Bank makes commercial real estate floating and fixed rate loans, commercial and industrial loans to manufacturers, wholesalers, distributors, developers/contractors and retailers and agricultural loans. The Bank also makes loans secured by residential mortgages, and both fixed and floating rate second mortgage loans with a range of plans for repayment. Real estate construction loans are also provided. As of Dec 31 2014, Co. had total assets of $1.89 billion and deposits of $1.55 billion. According to our SUBK split history records, SUBK has had 3 splits. | |
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SUBK (SUBK) has 3 splits in our SUBK split history database. The first split for SUBK took place on May 16, 1997. This was a 2 for 1
split, meaning for each share of SUBK 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. SUBK's second split took place on January 03, 2002. This was a 2 for 1 split, meaning for each share of SUBK owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. SUBK's third split took place on December 29, 2006.
When a company such as SUBK 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 SUBK split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SUBK shares, starting with a $10,000 purchase of SUBK, presented on a split-history-adjusted basis factoring in the complete SUBK 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: |
12/17/2015 |
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| Start price/share: |
$22.31 |
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| End price/share: |
$27.25 |
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| Starting shares: |
448.23 |
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| Ending shares: |
456.00 |
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| Dividends reinvested/share: |
$0.44 |
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| Total return: |
24.26% |
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| Average Annual Total Return: |
14.20% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$12,425.66 |
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| Years: |
1.64 |
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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: |
12/17/2015 |
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| Start price/share: |
$22.31 |
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| End price/share: |
$27.25 |
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| Dividends collected/share: |
$0.44 |
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| Total return: |
24.11% |
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| Average Annual Total Return: |
14.12% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$12,411.43 |
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| Years: |
1.64 |
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| Date |
Ratio |
| 05/16/1997 | 2 for 1
| | 01/03/2002 | 2 for 1 | | 12/29/2006 | 1 for 1 |
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