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 Video: What is a Stock Split?
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| Unity Bancorp is a bank holding company. Through its subsidiary, Unity Bank (the Bank), Co. conducts a conventional and community-oriented commercial banking business and provides services, such as personal and business checking accounts, time deposits, money market accounts and savings accounts. Co. engages in a range of lending activities and provides commercial, Small Business Administration, consumer, mortgage, home equity and personal loans. The Bank is a commercial bank, providing a range of business and consumer financial services through its main office in Clinton, NJ and additional New Jersey branches. The Bank also has Pennsylvania branches located in Bethlehem and Forks Township. According to our UNTY split history records, Unity Bancorp has had 9 splits. | |
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Unity Bancorp (UNTY) has 9 splits in our UNTY split history database. The first split for UNTY took place on June 02, 1998. This was a 3 for 2
split, meaning for each 2
shares of UNTY 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. UNTY's second split took place on December 17, 1998. This was a 105 for 100
split, meaning for each 100
shares of UNTY owned pre-split, the shareholder now owned 105 shares. For example, a 1500 share position pre-split, became a 1575 share position following the split. UNTY's third split took place on February 24, 2003. This was a 105 for 100 split, meaning for each 100 shares of UNTY owned pre-split, the shareholder now owned 105 shares. For example, a 1575 share position pre-split, became a 1653.75 share position following the split. UNTY's 4th split took place on June 14, 2004. This was a 105 for 100 split, meaning for each 100 shares of UNTY owned pre-split, the shareholder now owned 105 shares. For example, a 1653.75 share position pre-split, became a 1736.4375 share position following the split. UNTY's 5th split took place on June 13, 2005. This was a 105 for 100 split, meaning for each 100 shares of UNTY owned pre-split, the shareholder now owned 105 shares. For example, a 1736.4375 share position pre-split, became a 1823.259375 share position following the split. UNTY's 6th split took place on June 14, 2006. This was a 105 for 100 split, meaning for each 100 shares of UNTY owned pre-split, the shareholder now owned 105 shares. For example, a 1823.259375 share position pre-split, became a 1914.42234375 share position following the split. UNTY's 7th split took place on June 13, 2007. This was a 105 for 100 split, meaning for each 100 shares of UNTY owned pre-split, the shareholder now owned 105 shares. For example, a 1914.42234375 share position pre-split, became a 2010.1434609375 share position following the split. UNTY's 8th split took place on June 11, 2008. This was a 105 for 100 split, meaning for each 100 shares of UNTY owned pre-split, the shareholder now owned 105 shares. For example, a 2010.1434609375 share position pre-split, became a 2110.65063398438 share position following the split. UNTY's 9th split took place on September 13, 2016. This was a 11 for 10 split, meaning for each 10 shares of UNTY owned pre-split, the shareholder now owned 11 shares. For example, a 2110.65063398438 share position pre-split, became a 2321.71569738281 share position following the split.
When a company such as Unity Bancorp 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 UNTY split history from start to finish, an original position size of 1000 shares would have turned into 2321.71569738281 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Unity Bancorp shares, starting with a $10,000 purchase of UNTY, presented on a split-history-adjusted basis factoring in the complete UNTY split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
09/17/2014 |
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| End date: |
09/13/2024 |
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| Start price/share: |
$8.83 |
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| End price/share: |
$32.88 |
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| Starting shares: |
1,132.50 |
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| Ending shares: |
1,324.99 |
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| Dividends reinvested/share: |
$3.11 |
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| Total return: |
335.66% |
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| Average Annual Total Return: |
15.86% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$43,567.24 |
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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: |
09/17/2014 |
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| End date: |
09/13/2024 |
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| Start price/share: |
$8.83 |
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| End price/share: |
$32.88 |
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| Dividends collected/share: |
$3.11 |
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| Total return: |
307.62% |
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| Average Annual Total Return: |
15.09% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$40,757.61 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 06/02/1998 | 3 for 2
| | 12/17/1998 | 105 for 100
| | 02/24/2003 | 105 for 100 | | 06/14/2004 | 105 for 100 | | 06/13/2005 | 105 for 100 | | 06/14/2006 | 105 for 100 | | 06/13/2007 | 105 for 100 | | 06/11/2008 | 105 for 100 | | 09/13/2016 | 11 for 10 |
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