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Video: What is a Stock Split?
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Texas Community Bancshares is a bank holding company. Co. conducts its operations primarily through its wholly owned subsidiary, Mineola Community Bank. Co.'s business consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings from the Federal Home Loan Bank of Dallas, in residential real estate loans and commercial real estate loans and, to a lesser extent, commercial loans, construction and land loans, and consumer and other loans. Co. provides a selection of deposit accounts, including savings accounts, checking accounts, certificates of deposit and individual retirement accounts. According to our TCBS split history records, Texas Community Bancshares has had 4 splits. | |
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Texas Community Bancshares (TCBS) has 4 splits in our TCBS split history database. The first split for TCBS took place on February 29, 2000. This was a 2 for 1
split, meaning for each share of TCBS 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. TCBS's second split took place on January 31, 2002. This was a 11 for 10 split, meaning for each 10 shares of TCBS owned pre-split, the shareholder now owned 11 shares. For example, a 2000 share position pre-split, became a 2200 share position following the split. TCBS's third split took place on February 26, 2003. This was a 120 for 100 split, meaning for each 100 shares of TCBS owned pre-split, the shareholder now owned 120 shares. For example, a 2200 share position pre-split, became a 2640 share position following the split. TCBS's 4th split took place on October 01, 2004. This was a 3 for 2 split, meaning for each 2 shares of TCBS owned pre-split, the shareholder now owned 3 shares. For example, a 2640 share position pre-split, became a 3960 share position following the split.
When a company such as Texas Community Bancshares 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 TCBS split history from start to finish, an original position size of 1000 shares would have turned into 3960 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Texas Community Bancshares shares, starting with a $10,000 purchase of TCBS, presented on a split-history-adjusted basis factoring in the complete TCBS split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
07/20/2021 |
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End date: |
03/27/2024 |
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Start price/share: |
$15.28 |
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End price/share: |
$14.49 |
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Starting shares: |
654.45 |
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Ending shares: |
662.15 |
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Dividends reinvested/share: |
$0.15 |
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Total return: |
-4.05% |
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Average Annual Total Return: |
-1.53% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$9,594.08 |
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Years: |
2.69 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
07/20/2021 |
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End date: |
03/27/2024 |
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Start price/share: |
$15.28 |
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End price/share: |
$14.49 |
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Dividends collected/share: |
$0.15 |
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Total return: |
-4.19% |
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Average Annual Total Return: |
-1.58% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$9,580.99 |
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Years: |
2.69 |
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Date |
Ratio |
02/29/2000 | 2 for 1
| 01/31/2002 | 11 for 10 | 02/26/2003 | 120 for 100 | 10/01/2004 | 3 for 2 |
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