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 Video: What is a Stock Split?
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| VSB Bancorp is a bank holding company. Through its subsidiary, Victory State Bank, Co. is engaged in the business of accepting commercial deposits from primarily the general public and investing those deposits, together with funds generated from operations and repayments on existing investments, primarily in loans for business purposes and investment securities. As of Dec 31 2012, Victory State Bank serves its primary market of Staten Island, NY through its five banking offices. Also, as of the same date, Co. had total assets of $269.7 million and total deposits of $240.7 million. According to our VSBN split history records, VSBN has had 3 splits. | |
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VSBN (VSBN) has 3 splits in our VSBN split history database. The first split for VSBN took place on June 16, 2003. This was a 3 for 2 split, meaning for each 2 shares of VSBN 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. VSBN's second split took place on March 09, 2004. This was a 4 for 3 split, meaning for each 3 shares of VSBN owned pre-split, the shareholder now owned 4 shares. For example, a 1500 share position pre-split, became a 2000 share position following the split. VSBN's third split took place on May 19, 2006. This was a 5 for 4 split, meaning for each 4 shares of VSBN owned pre-split, the shareholder now owned 5 shares. For example, a 2000 share position pre-split, became a 2500 share position following the split.
When a company such as VSBN 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 VSBN split history from start to finish, an original position size of 1000 shares would have turned into 2500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into VSBN shares, starting with a $10,000 purchase of VSBN, presented on a split-history-adjusted basis factoring in the complete VSBN split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
09/12/2014 |
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| End date: |
07/09/2020 |
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| Start price/share: |
$11.58 |
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| End price/share: |
$20.25 |
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| Starting shares: |
863.56 |
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| Ending shares: |
979.81 |
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| Dividends reinvested/share: |
$2.20 |
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| Total return: |
98.41% |
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| Average Annual Total Return: |
12.48% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$19,844.31 |
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| Years: |
5.83 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
09/12/2014 |
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| End date: |
07/09/2020 |
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| Start price/share: |
$11.58 |
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| End price/share: |
$20.25 |
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| Dividends collected/share: |
$2.20 |
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| Total return: |
93.87% |
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| Average Annual Total Return: |
12.03% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$19,386.11 |
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| Years: |
5.83 |
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| Date |
Ratio |
| 06/16/2003 | 3 for 2 | | 03/09/2004 | 4 for 3 | | 05/19/2006 | 5 for 4 |
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