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 Video: What is a Stock Split?
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| OceanFirst Financial is a bank holding company. Through its subsidiary, OceanFirst Bank N.A. (the Bank), Co. accepts retail and commercial deposits and invests those deposits primarily in loans, consisting of commercial real estate and other commercial loans and single-family, owner-occupied residential mortgage loans. The Bank also invests in other types of loans, including residential construction and consumer loans. In addition, the Bank invests in mortgage-backed securities, securities issued by the U.S. Government and agencies thereof, corporate securities and other investments permitted by applicable law and regulations. According to our OceanFirst Financial stock split history records, OceanFirst Financial has had 2 splits. | |
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OceanFirst Financial (OCFC) has 2 splits in our OceanFirst Financial stock split history database. The first split for OCFC took place on May 18, 1998. This was a 2 for 1
split, meaning for each share of OCFC 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. OCFC's second split took place on May 20, 2002. This was a 3 for 2 split, meaning for each 2 shares of OCFC owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 3000 share position following the split.
When a company such as OceanFirst 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 OceanFirst Financial stock split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into OceanFirst Financial shares, starting with a $10,000 purchase of OCFC, presented on a split-history-adjusted basis factoring in the complete OceanFirst Financial stock split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
05/06/2014 |
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| End date: |
05/02/2024 |
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| Start price/share: |
$16.28 |
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| End price/share: |
$15.48 |
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| Starting shares: |
614.25 |
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| Ending shares: |
840.16 |
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| Dividends reinvested/share: |
$6.31 |
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| Total return: |
30.06% |
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| Average Annual Total Return: |
2.66% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$13,001.14 |
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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: |
05/06/2014 |
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| End date: |
05/02/2024 |
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| Start price/share: |
$16.28 |
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| End price/share: |
$15.48 |
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| Dividends collected/share: |
$6.31 |
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| Total return: |
33.85% |
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| Average Annual Total Return: |
2.96% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$13,385.99 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 05/18/1998 | 2 for 1
| | 05/20/2002 | 3 for 2 |
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