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 Video: What is a Stock Split?
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| Union Bankshares, Inc. is a one-bank holding company whose sole subsidiary is Union Bank. Its business is that of a community bank in the financial services industry. The Union Bank provides full retail, commercial, municipal banking, and wealth management and trust services. It is providing retail banking services to individuals and commercial banking services to small and medium sized business corporations, limited liability companies, partnerships, and sole proprietorships, and nonprofit organizations, local municipalities and school districts within its market area. According to our UNB split history records, Union Bankshares has had 1 split. | |
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Union Bankshares (UNB) has 1 split in our UNB split history database. The split for UNB took place on August 11, 2003. This was a 3 for 2 split, meaning for each 2 shares of UNB owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split.
When a company such as Union Bankshares 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 UNB split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Union Bankshares shares, starting with a $10,000 purchase of UNB, presented on a split-history-adjusted basis factoring in the complete UNB split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/05/2014 |
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| End date: |
12/03/2024 |
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| Start price/share: |
$24.16 |
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| End price/share: |
$37.70 |
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| Starting shares: |
413.91 |
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| Ending shares: |
626.87 |
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| Dividends reinvested/share: |
$12.67 |
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| Total return: |
136.33% |
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| Average Annual Total Return: |
8.98% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$23,635.80 |
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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: |
12/05/2014 |
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| End date: |
12/03/2024 |
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| Start price/share: |
$24.16 |
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| End price/share: |
$37.70 |
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| Dividends collected/share: |
$12.67 |
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| Total return: |
108.49% |
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| Average Annual Total Return: |
7.62% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$20,845.74 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 08/11/2003 | 3 for 2 |
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