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Video: What is a Stock Split?
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Republic First Bancorp is a bank holding company. Through its subsidiary, Republic First Bank (the Bank), Co. provides a variety of credit and depository banking services. Co. provides a range of banking products and services, including consumer and commercial deposit accounts, which include checking accounts, interest-bearing demand accounts, money market accounts, certificates of deposit, savings accounts, sweep accounts, and individual retirement accounts. Co. also maintains a Small Business Lending team that focuses on the origination of loans guaranteed by the U.S. Small Business Administration to provide credit to small businesses throughout its service area. According to our Republic First Bancorp stock split history records, Republic First Bancorp has had 6 splits. | |
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Republic First Bancorp (FRBK) has 6 splits in our Republic First Bancorp stock split history database. The first split for FRBK took place on March 10, 1997. This was a 6 for 5
split, meaning for each 5
shares of FRBK owned pre-split, the shareholder now owned 6 shares. For example, a 1000 share position pre-split, became a 1200 share position following the split. FRBK's second split took place on February 26, 1998. This was a 6 for 5
split, meaning for each 5
shares of FRBK owned pre-split, the shareholder now owned 6 shares. For example, a 1200 share position pre-split, became a 1440 share position following the split. FRBK's third split took place on February 26, 1999. This was a 11 for 10
split, meaning for each 10
shares of FRBK owned pre-split, the shareholder now owned 11 shares. For example, a 1440 share position pre-split, became a 1584 share position following the split. FRBK's 4th split took place on August 03, 2004. This was a 11 for 10 split, meaning for each 10 shares of FRBK owned pre-split, the shareholder now owned 11 shares. For example, a 1584 share position pre-split, became a 1742.4 share position following the split. FRBK's 5th split took place on May 03, 2006. This was a 11 for 10 split, meaning for each 10 shares of FRBK owned pre-split, the shareholder now owned 11 shares. For example, a 1742.4 share position pre-split, became a 1916.64 share position following the split. FRBK's 6th split took place on April 03, 2007. This was a 11 for 10 split, meaning for each 10 shares of FRBK owned pre-split, the shareholder now owned 11 shares. For example, a 1916.64 share position pre-split, became a 2108.304 share position following the split.
When a company such as Republic First Bancorp 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 Republic First Bancorp stock split history from start to finish, an original position size of 1000 shares would have turned into 2108.304 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Republic First Bancorp shares, starting with a $10,000 purchase of FRBK, presented on a split-history-adjusted basis factoring in the complete Republic First Bancorp stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/28/2014 |
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End date: |
10/24/2023 |
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Start price/share: |
$4.20 |
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End price/share: |
$0.03 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.29% |
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Average Annual Total Return: |
-40.57% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$71.45 |
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Years: |
9.50 |
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Date |
Ratio |
03/10/1997 | 6 for 5
| 02/26/1998 | 6 for 5
| 02/26/1999 | 11 for 10
| 08/03/2004 | 11 for 10 | 05/03/2006 | 11 for 10 | 04/03/2007 | 11 for 10 |
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