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ACFC (ACFC) has 1 split in our ACFC split history database. The split for ACFC took place on February 04, 2011. This was a 196 for 1000 reverse split, meaning for each 1000 shares of ACFC owned pre-split, the shareholder now owned 196 shares. For example, a 1000 share position pre-split, became a 196 share position following the split.
When a company such as ACFC conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the ACFC split history from start to finish, an original position size of 1000 shares would have turned into 196 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ACFC shares, starting with a $10,000 purchase of ACFC, presented on a split-history-adjusted basis factoring in the complete ACFC split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||24.80%|
|Atlantic Coast Financial is a bank holding company. Through its subsidiary, Atlantic Coast Bank (the Bank), Co. serves the Northeast Florida, Central Florida and Southeast Georgia markets. The Bank is engaged in accepting deposits and investing those funds primarily in loans, including commercial real estate loans, consumer loans, first mortgages on owner-occupied one- to four-family residences, and home equity loans. Additionally, the Bank invests funds in multi-family residential loans, commercial business loans, and commercial and residential construction loans. As of Dec 31 2016, Co. had total assets of $907.5 million and total deposits of $628.4 million. According to our ACFC split history records, ACFC has had 1 split.|
|ACFC Split History Table|
|02/04/2011||196 for 1000|
|Financials Stock Splits|
|ACFC is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:|