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 Video: What is a Stock Split?
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| Columbia Financial is a holding company. Through its subsidiaries, Co. provides financial services to businesses and consumers. Co. accepts deposits from the public and uses those funds to originate various loans, including multifamily and commercial real estate loans, commercial business loans, one-to-four family real estate loans, construction loans, home equity loans and advances, and other consumer loans. Co. provides title insurance through its subsidiary, First Jersey Title Services, Inc. In addition, RSI Insurance Agency, Inc., a subsidiary of Co.'s subsidiary, Columbia Bank, provides insurance products and investment solutions, including personal and business lines of insurance. According to our Columbia Financial stock split history records, Columbia Financial has had 5 splits. | |
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Columbia Financial (CLBK) has 5 splits in our Columbia Financial stock split history database. The first split for CLBK took place on December 06, 1996. This was a 21 for 20
split, meaning for each 20
shares of CLBK owned pre-split, the shareholder now owned 21 shares. For example, a 1000 share position pre-split, became a 1050 share position following the split. CLBK's second split took place on December 09, 1997. This was a 21 for 20
split, meaning for each 20
shares of CLBK owned pre-split, the shareholder now owned 21 shares. For example, a 1050 share position pre-split, became a 1102.5 share position following the split. CLBK's third split took place on December 10, 1999. This was a 105 for 100
split, meaning for each 100
shares of CLBK owned pre-split, the shareholder now owned 105 shares. For example, a 1102.5 share position pre-split, became a 1157.625 share position following the split. CLBK's 4th split took place on January 06, 2003. This was a 5 for 4 split, meaning for each 4 shares of CLBK owned pre-split, the shareholder now owned 5 shares. For example, a 1157.625 share position pre-split, became a 1447.03125 share position following the split. CLBK's 5th split took place on January 05, 2004. This was a 5 for 4 split, meaning for each 4 shares of CLBK owned pre-split, the shareholder now owned 5 shares. For example, a 1447.03125 share position pre-split, became a 1808.7890625 share position following the split.
When a company such as Columbia Financial 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 Columbia Financial stock split history from start to finish, an original position size of 1000 shares would have turned into 1808.7890625 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Columbia Financial shares, starting with a $10,000 purchase of CLBK, presented on a split-history-adjusted basis factoring in the complete Columbia Financial stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/23/2018 |
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| End date: |
04/17/2024 |
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| Start price/share: |
$15.45 |
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| End price/share: |
$15.96 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
3.30% |
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| Average Annual Total Return: |
0.54% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$10,327.80 |
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| Years: |
5.99 |
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| Date |
Ratio |
| 12/06/1996 | 21 for 20
| | 12/09/1997 | 21 for 20
| | 12/10/1999 | 105 for 100
| | 01/06/2003 | 5 for 4 | | 01/05/2004 | 5 for 4 |
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