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Video: What is a Stock Split?
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Wilshire Bancorp is a bank holding company. Through its main subsidiary, Wilshire Bank (the Bank), Co. provides a range of financial products and services. Co.'s primary market comprises the populations of Southern California, Texas, Alabama, Georgia, New Jersey, and the New York metropolitan area. The Bank is engaged in providing financing for business working capital, commercial real estate, and trade activities, and its investment portfolio. In addition, Co.'s Trade Finance Department primarily deals in letters of credits issued to consumers whose businesses involve the international sale of goods. As of Dec 31 2015, Co. had total assets of $4.71 billion and deposits of $3.84 billion. According to our WIBC split history records, WIBC has had 1 split. | |
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WIBC (WIBC) has 1 split in our WIBC split history database. The split for WIBC took place on December 15, 2004. This was a 2 for 1 split, meaning for each share of WIBC owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.
When a company such as WIBC 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 WIBC split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into WIBC shares, starting with a $10,000 purchase of WIBC, presented on a split-history-adjusted basis factoring in the complete WIBC split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/29/2014 |
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End date: |
07/29/2016 |
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Start price/share: |
$9.96 |
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End price/share: |
$10.74 |
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Starting shares: |
1,004.02 |
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Ending shares: |
1,052.06 |
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Dividends reinvested/share: |
$0.50 |
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Total return: |
12.99% |
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Average Annual Total Return: |
5.57% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$11,298.34 |
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Years: |
2.25 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/29/2014 |
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End date: |
07/29/2016 |
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Start price/share: |
$9.96 |
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End price/share: |
$10.74 |
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Dividends collected/share: |
$0.50 |
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Total return: |
12.85% |
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Average Annual Total Return: |
5.52% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$11,286.29 |
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Years: |
2.25 |
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Date |
Ratio |
12/15/2004 | 2 for 1 |
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