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 Video: What is a Stock Split?
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| Valley National Bancorp is a bank holding company. Through its subsidiary, Valley National Bank (the Bank), Co. provides a suite of banking solutions through various commercial, retail, insurance and wealth management financial services products. The Bank provides a range of banking services including account management services, online and mobile banking, drive-in and night deposit services, telephone banking, automated teller machines, remote deposit capture, and safe deposit facilities. In addition, certain international banking services are available to customers, including standby letters of credit, documentary letters of credit and related products, and certain ancillary services. According to our VLY split history records, Valley National Bancorp has had 25 splits. | |
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Valley National Bancorp (VLY) has 25 splits in our VLY split history database. The first split for VLY took place on April 27, 1992. This was a 3 for 2
split, meaning for each 2
shares of VLY 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. VLY's second split took place on April 19, 1993. This was a 5 for 4
split, meaning for each 4
shares of VLY owned pre-split, the shareholder now owned 5 shares. For example, a 1500 share position pre-split, became a 1875 share position following the split. VLY's third split took place on April 28, 1997. This was a 21 for 20
split, meaning for each 20
shares of VLY owned pre-split, the shareholder now owned 21 shares. For example, a 1875 share position pre-split, became a 1968.75 share position following the split. VLY's 4th split took place on May 19, 1998. This was a 5 for 4
split, meaning for each 4
shares of VLY owned pre-split, the shareholder now owned 5 shares. For example, a 1968.75 share position pre-split, became a 2460.9375 share position following the split. VLY's 5th split took place on May 05, 1999. This was a 105 for 100
split, meaning for each 100
shares of VLY owned pre-split, the shareholder now owned 105 shares. For example, a 2460.9375 share position pre-split, became a 2583.984375 share position following the split. VLY's 6th split took place on May 03, 2000. This was a 105 for 100
split, meaning for each 100
shares of VLY owned pre-split, the shareholder now owned 105 shares. For example, a 2583.984375 share position pre-split, became a 2713.18359375 share position following the split. VLY's 7th split took place on May 02, 2001. This was a 105 for 100 split, meaning for each 100 shares of VLY owned pre-split, the shareholder now owned 105 shares. For example, a 2713.18359375 share position pre-split, became a 2848.8427734375 share position following the split. VLY's 8th split took place on May 20, 2002. This was a 5 for 4 split, meaning for each 4 shares of VLY owned pre-split, the shareholder now owned 5 shares. For example, a 2848.8427734375 share position pre-split, became a 3561.05346679688 share position following the split. VLY's 9th split took place on April 30, 2003. This was a 105 for 100 split, meaning for each 100 shares of VLY owned pre-split, the shareholder now owned 105 shares. For example, a 3561.05346679688 share position pre-split, became a 3739.10614013672 share position following the split. VLY's 10th split took place on May 04, 2005. This was a 105 for 100 split, meaning for each 100 shares of VLY owned pre-split, the shareholder now owned 105 shares. For example, a 3739.10614013672 share position pre-split, became a 3926.06144714355 share position following the split. VLY's 11th split took place on May 04, 2006. This was a 105 for 100 split, meaning for each 100 shares of VLY owned pre-split, the shareholder now owned 105 shares. For example, a 3926.06144714355 share position pre-split, became a 4122.36451950073 share position following the split. VLY's 12th split took place on May 09, 2007. This was a 105 for 100 split, meaning for each 100 shares of VLY owned pre-split, the shareholder now owned 105 shares. For example, a 4122.36451950073 share position pre-split, became a 4328.48274547577 share position following the split. VLY's 13th split took place on May 07, 2008. This was a 105 for 100 split, meaning for each 100 shares of VLY owned pre-split, the shareholder now owned 105 shares. For example, a 4328.48274547577 share position pre-split, became a 4544.90688274956 share position following the split. VLY's 14th split took place on May 06, 2009. This was a 105 for 100 split, meaning for each 100 shares of VLY owned pre-split, the shareholder now owned 105 shares. For example, a 4544.90688274956 share position pre-split, became a 4772.15222688704 share position following the split. VLY's 15th split took place on May 05, 2010. This was a 21 for 20 split, meaning for each 20 shares of VLY owned pre-split, the shareholder now owned 21 shares. For example, a 4772.15222688704 share position pre-split, became a 5010.75983823139 share position following the split. VLY's 16th split took place on May 04, 2011. This was a 105 for 100 split, meaning for each 100 shares of VLY owned pre-split, the shareholder now owned 105 shares. For example, a 5010.75983823139 share position pre-split, became a 5261.29783014296 share position following the split. VLY's 17th split took place on May 09, 2012. This was a 21 for 20 split, meaning for each 20 shares of VLY owned pre-split, the shareholder now owned 21 shares. For example, a 5261.29783014296 share position pre-split, became a 5524.36272165011 share position following the split. VLY's 18th split took place on April 02, 1982. This was a 105 for 100 split, meaning for each 100 shares of VLY owned pre-split, the shareholder now owned 105 shares. For example, a 5524.36272165011 share position pre-split, became a 5800.58085773261 share position following the split. VLY's 19th split took place on June 01, 1983. This was a 2 for 1 split, meaning for each share of VLY owned pre-split, the shareholder now owned 2 shares. For example, a 5800.58085773261 share position pre-split, became a 11601.1617154652 share position following the split. VLY's 20th split took place on March 01, 1985. This was a 2 for 1 split, meaning for each share of VLY owned pre-split, the shareholder now owned 2 shares. For example, a 11601.1617154652 share position pre-split, became a 23202.3234309304 share position following the split. VLY's 21st split took place on May 29, 1986. This was a 3 for 2 split, meaning for each 2 shares of VLY owned pre-split, the shareholder now owned 3 shares. For example, a 23202.3234309304 share position pre-split, became a 34803.4851463957 share position following the split. VLY's 22nd split took place on July 05, 1988. This was a 3 for 2 split, meaning for each 2 shares of VLY owned pre-split, the shareholder now owned 3 shares. For example, a 34803.4851463957 share position pre-split, became a 52205.2277195935 share position following the split. VLY's 23rd split took place on April 11, 1994. This was a 11 for 10 split, meaning for each 10 shares of VLY owned pre-split, the shareholder now owned 11 shares. For example, a 52205.2277195935 share position pre-split, became a 57425.7504915529 share position following the split. VLY's 24th split took place on April 07, 1995. This was a 105 for 100 split, meaning for each 100 shares of VLY owned pre-split, the shareholder now owned 105 shares. For example, a 57425.7504915529 share position pre-split, became a 60297.0380161305 share position following the split. VLY's 25th split took place on April 24, 1996. This was a 105 for 100 split, meaning for each 100 shares of VLY owned pre-split, the shareholder now owned 105 shares. For example, a 60297.0380161305 share position pre-split, became a 63311.889916937 share position following the split.
When a company such as Valley National 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 VLY split history from start to finish, an original position size of 1000 shares would have turned into 63311.889916937 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Valley National Bancorp shares, starting with a $10,000 purchase of VLY, presented on a split-history-adjusted basis factoring in the complete VLY split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/10/2014 |
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| End date: |
10/08/2024 |
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| Start price/share: |
$9.21 |
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| End price/share: |
$8.75 |
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| Starting shares: |
1,085.78 |
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| Ending shares: |
1,674.21 |
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| Dividends reinvested/share: |
$4.40 |
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| Total return: |
46.49% |
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| Average Annual Total Return: |
3.89% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$14,648.15 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
|
| Start date: |
10/10/2014 |
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| End date: |
10/08/2024 |
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| Start price/share: |
$9.21 |
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| End price/share: |
$8.75 |
|
| Dividends collected/share: |
$4.40 |
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| Total return: |
42.78% |
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| Average Annual Total Return: |
3.62% |
|
| Starting investment: |
$10,000.00 |
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| Ending investment: |
$14,271.78 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 04/27/1992 | 3 for 2
| | 04/19/1993 | 5 for 4
| | 04/28/1997 | 21 for 20
| | 05/19/1998 | 5 for 4
| | 05/05/1999 | 105 for 100
| | 05/03/2000 | 105 for 100
| | 05/02/2001 | 105 for 100 | | 05/20/2002 | 5 for 4 | | 04/30/2003 | 105 for 100 | | 05/04/2005 | 105 for 100 | | 05/04/2006 | 105 for 100 | | 05/09/2007 | 105 for 100 | | 05/07/2008 | 105 for 100 | | 05/06/2009 | 105 for 100 | | 05/05/2010 | 21 for 20 | | 05/04/2011 | 105 for 100 | | 05/09/2012 | 21 for 20 | | 04/02/1982 | 105 for 100 | | 06/01/1983 | 2 for 1 | | 03/01/1985 | 2 for 1 | | 05/29/1986 | 3 for 2 | | 07/05/1988 | 3 for 2 | | 04/11/1994 | 11 for 10 | | 04/07/1995 | 105 for 100 | | 04/24/1996 | 105 for 100 |
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