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 Video: What is a Stock Split?
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| Peapack-Gladstone Financial is a bank holding company. Through its subsidiary, Peapack-Gladstone Bank (the Bank), Co. provides private banking services to businesses, non-profits and consumers. Co.'s business is conducted through two segments: its banking subsidiary, which involves the delivery of loan and deposit products to customers; and the Bank's Private Wealth Management Division, which includes asset management services provided for individuals and institutions. Co.'s loan portfolio includes: Primary Residential Mortgages; Home Equity Lines of Credit; Junior Lien Loan on Residence; Multifamily and Commercial Real Estate Loans; Commercial and Industrial Loans; and Consumer and Other. According to our Peapack-Gladstone Financial stock split history records, Peapack-Gladstone Financial has had 5 splits. | |
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Peapack-Gladstone Financial (PGC) has 5 splits in our Peapack-Gladstone Financial stock split history database. The first split for PGC took place on September 27, 2001. This was a 11 for 10 split, meaning for each 10 shares of PGC 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. PGC's second split took place on November 04, 2002. This was a 2 for 1 split, meaning for each share of PGC owned pre-split, the shareholder now owned 2 shares. For example, a 1100 share position pre-split, became a 2200 share position following the split. PGC's third split took place on September 29, 2003. This was a 11 for 10 split, meaning for each 10 shares of PGC owned pre-split, the shareholder now owned 11 shares. For example, a 2200 share position pre-split, became a 2420 share position following the split. PGC's 4th split took place on September 29, 2004. This was a 11 for 10 split, meaning for each 10 shares of PGC owned pre-split, the shareholder now owned 11 shares. For example, a 2420 share position pre-split, became a 2662 share position following the split. PGC's 5th split took place on July 07, 2009. This was a 105 for 100 split, meaning for each 100 shares of PGC owned pre-split, the shareholder now owned 105 shares. For example, a 2662 share position pre-split, became a 2795.1 share position following the split.
When a company such as Peapack-Gladstone 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 Peapack-Gladstone Financial stock split history from start to finish, an original position size of 1000 shares would have turned into 2795.1 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Peapack-Gladstone Financial shares, starting with a $10,000 purchase of PGC, presented on a split-history-adjusted basis factoring in the complete Peapack-Gladstone Financial stock split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/25/2014 |
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| End date: |
04/24/2024 |
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| Start price/share: |
$19.27 |
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| End price/share: |
$22.88 |
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| Starting shares: |
518.94 |
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| Ending shares: |
561.04 |
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| Dividends reinvested/share: |
$2.00 |
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| Total return: |
28.37% |
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| Average Annual Total Return: |
2.53% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$12,840.12 |
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| Years: |
10.01 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/25/2014 |
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| End date: |
04/24/2024 |
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| Start price/share: |
$19.27 |
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| End price/share: |
$22.88 |
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| Dividends collected/share: |
$2.00 |
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| Total return: |
29.11% |
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| Average Annual Total Return: |
2.59% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$12,915.50 |
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| Years: |
10.01 |
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| Date |
Ratio |
| 09/27/2001 | 11 for 10 | | 11/04/2002 | 2 for 1 | | 09/29/2003 | 11 for 10 | | 09/29/2004 | 11 for 10 | | 07/07/2009 | 105 for 100 |
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