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Video: What is a Stock Split?
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First Financial is a financial holding company. Through its four subsidiaries, Co. provides a variety of financial services including commercial, mortgage and consumer lending, lease financing, trust account services, depositor services and insurance services. Co.'s subsidiary, First Financial Bank, has two investment subsidiaries, Portfolio Management Specialists A (Specialists A) and Portfolio Management Specialists B (Specialists B), to hold and manage certain assets to manage various income streams. Co. operates various branches in west-central Indiana, east-central Illinois, western Kentucky, and central Tennessee. According to our THFF split history records, First Financial has had 6 splits. | |
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First Financial (THFF) has 6 splits in our THFF split history database. The first split for THFF took place on October 25, 1993. This was a 2 for 1
split, meaning for each share of THFF 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. THFF's second split took place on January 07, 1998. This was a 21 for 20
split, meaning for each 20
shares of THFF owned pre-split, the shareholder now owned 21 shares. For example, a 2000 share position pre-split, became a 2100 share position following the split. THFF's third split took place on October 16, 2003. This was a 2 for 1 split, meaning for each share of THFF owned pre-split, the shareholder now owned 2 shares. For example, a 2100 share position pre-split, became a 4200 share position following the split. THFF's 4th split took place on October 15, 2002. This was a 2 for 1 split, meaning for each share of THFF owned pre-split, the shareholder now owned 2 shares. For example, a 4200 share position pre-split, became a 8400 share position following the split. THFF's 5th split took place on June 16, 1995. This was a 105 for 100 split, meaning for each 100 shares of THFF owned pre-split, the shareholder now owned 105 shares. For example, a 8400 share position pre-split, became a 8820 share position following the split. THFF's 6th split took place on June 14, 1996. This was a 105 for 100 split, meaning for each 100 shares of THFF owned pre-split, the shareholder now owned 105 shares. For example, a 8820 share position pre-split, became a 9261 share position following the split.
When a company such as First Financial 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 THFF split history from start to finish, an original position size of 1000 shares would have turned into 9261 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into First Financial shares, starting with a $10,000 purchase of THFF, presented on a split-history-adjusted basis factoring in the complete THFF 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: |
04/26/2024 |
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Start price/share: |
$31.79 |
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End price/share: |
$36.86 |
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Starting shares: |
314.56 |
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Ending shares: |
425.32 |
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Dividends reinvested/share: |
$12.46 |
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Total return: |
56.77% |
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Average Annual Total Return: |
4.60% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$15,678.95 |
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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: |
04/29/2014 |
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End date: |
04/26/2024 |
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Start price/share: |
$31.79 |
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End price/share: |
$36.86 |
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Dividends collected/share: |
$12.46 |
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Total return: |
55.14% |
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Average Annual Total Return: |
4.49% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$15,514.84 |
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Years: |
10.00 |
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Date |
Ratio |
10/25/1993 | 2 for 1
| 01/07/1998 | 21 for 20
| 10/16/2003 | 2 for 1 | 10/15/2002 | 2 for 1 | 06/16/1995 | 105 for 100 | 06/14/1996 | 105 for 100 |
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