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 Video: What is a Stock Split?
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| LegacyTexas Financial Group is a holding company. Through its subsidiary, ViewPoint Bank, NA, Co. provides financial services in its primary market, the Dallas/Fort Worth Metroplex. Co.'s primary deposit products are demand, savings and term certificate accounts, and its primary lending products are commercial real estate, commercial and industrial and consumer lending. Co. also has a program, Warehouse Purchase Program, with mortgage banking companies that allows them to close one- to four-family real estate loans in their own name and manage its cash flow needs until the loans are sold to investors. As of Dec 31 2013, Co. had total assets of $3.53 billion and deposits of $2.26 billion. According to our VPFG split history records, VPFG has had 1 split. | |
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VPFG (VPFG) has 1 split in our VPFG split history database. The split for VPFG took place on July 07, 2010. This was a 14 for 10 split, meaning for each 10 shares of VPFG owned pre-split, the shareholder now owned 14 shares. For example, a 1000 share position pre-split, became a 1400 share position following the split.
When a company such as VPFG 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 VPFG split history from start to finish, an original position size of 1000 shares would have turned into 1400 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into VPFG shares, starting with a $10,000 purchase of VPFG, presented on a split-history-adjusted basis factoring in the complete VPFG 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: |
12/31/2014 |
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| Start price/share: |
$25.57 |
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| End price/share: |
$23.85 |
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| Starting shares: |
391.08 |
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| Ending shares: |
392.82 |
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| Dividends reinvested/share: |
$0.12 |
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| Total return: |
-6.31% |
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| Annualized Gain: |
-21.94% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$9,369.00 |
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| Years: |
0.29 |
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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: |
12/31/2014 |
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| Start price/share: |
$25.57 |
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| End price/share: |
$23.85 |
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| Dividends collected/share: |
$0.12 |
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| Total return: |
-6.26% |
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| Annualized Gain: |
-21.75% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$9,374.00 |
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| Years: |
0.29 |
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| Date |
Ratio |
| 07/07/2010 | 14 for 10 |
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