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Video: What is a Stock Split?
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First Guaranty Bancshares is a bank holding company. Through its subsidiary, First Guaranty Bank, Co. provides personalized commercial banking services. Co.'s principal business consists of accepting deposits and investing those deposits. It also includes generating funds from operations and borrowings in lending and in securities activities to serve the credit needs of its customer base, including commercial real estate loans, commercial and industrial loans, commercial leases, one- to four-family residential real estate loans, construction and land development loans, agricultural and farmland loans, and to a lesser extent, consumer and multifamily loans. According to our First Guaranty Bancshares stock split history records, First Guaranty Bancshares has had 3 splits. | |
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First Guaranty Bancshares (FGBI) has 3 splits in our First Guaranty Bancshares stock split history database. The first split for FGBI took place on December 07, 2017. This was a 11 for 10 split, meaning for each 10 shares of FGBI owned pre-split, the shareholder now owned 11 shares. For example, a 1000 share position pre-split, became a 1100 share position following the split. FGBI's second split took place on December 06, 2019. This was a 11 for 10 split, meaning for each 10 shares of FGBI owned pre-split, the shareholder now owned 11 shares. For example, a 1100 share position pre-split, became a 1210 share position following the split. FGBI's third split took place on December 14, 2021. This was a 11 for 10 split, meaning for each 10 shares of FGBI owned pre-split, the shareholder now owned 11 shares. For example, a 1210 share position pre-split, became a 1331 share position following the split.
When a company such as First Guaranty Bancshares 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 First Guaranty Bancshares stock split history from start to finish, an original position size of 1000 shares would have turned into 1331 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into First Guaranty Bancshares shares, starting with a $10,000 purchase of FGBI, presented on a split-history-adjusted basis factoring in the complete First Guaranty Bancshares stock split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/24/2014 |
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End date: |
04/22/2024 |
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Start price/share: |
$10.59 |
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End price/share: |
$10.02 |
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Starting shares: |
944.29 |
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Ending shares: |
1,330.71 |
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Dividends reinvested/share: |
$5.36 |
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Total return: |
33.34% |
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Average Annual Total Return: |
2.92% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$13,336.20 |
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Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/24/2014 |
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End date: |
04/22/2024 |
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Start price/share: |
$10.59 |
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End price/share: |
$10.02 |
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Dividends collected/share: |
$5.36 |
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Total return: |
45.22% |
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Average Annual Total Return: |
3.80% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$14,521.72 |
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Years: |
10.00 |
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Date |
Ratio |
12/07/2017 | 11 for 10 | 12/06/2019 | 11 for 10 | 12/14/2021 | 11 for 10 |
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