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 Video: What is a Stock Split?
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| Heritage Commerce is a bank holding company. Through its subsidiary, Heritage Bank of Commerce, Co. provides a range of commercial banking services to small and medium-sized businesses and their owners, managers and employees. Co.'s lending activities include commercial, real estate, construction and land development, consumer and Small Business Administration guaranteed loans. Co. focuses on deposit generation on relationship accounts, encompassing non-interest bearing demand, interest bearing demand, and money market accounts. Co. also provides certificates of deposit and savings accounts. Co. also provides customers e-statements that allows customers to receive statements electronically. According to our Heritage Commerce stock split history records, Heritage Commerce has had 2 splits. | |
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Heritage Commerce (HTBK) has 2 splits in our Heritage Commerce stock split history database. The first split for HTBK took place on February 22, 1999. This was a 3 for 2
split, meaning for each 2
shares of HTBK 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. HTBK's second split took place on February 03, 2000. This was a 11 for 10
split, meaning for each 10
shares of HTBK owned pre-split, the shareholder now owned 11 shares. For example, a 1500 share position pre-split, became a 1650 share position following the split.
When a company such as Heritage Commerce 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 Heritage Commerce stock split history from start to finish, an original position size of 1000 shares would have turned into 1650 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Heritage Commerce shares, starting with a $10,000 purchase of HTBK, presented on a split-history-adjusted basis factoring in the complete Heritage Commerce stock split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
04/19/2024 |
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| Start price/share: |
$8.25 |
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| End price/share: |
$8.12 |
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| Starting shares: |
1,212.12 |
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| Ending shares: |
1,820.63 |
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| Dividends reinvested/share: |
$4.35 |
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| Total return: |
47.84% |
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| Average Annual Total Return: |
3.99% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$14,788.22 |
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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: |
04/22/2014 |
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| End date: |
04/19/2024 |
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| Start price/share: |
$8.25 |
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| End price/share: |
$8.12 |
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| Dividends collected/share: |
$4.35 |
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| Total return: |
51.15% |
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| Average Annual Total Return: |
4.22% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$15,118.57 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 02/22/1999 | 3 for 2
| | 02/03/2000 | 11 for 10
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