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BERK (BERK) has 2 splits in our BERK split history database. The first split for BERK took place on May 19, 2004. This was a 3 for 1 split, meaning for each share of BERK owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split. BERK's second split took place on May 27, 1988. This was a 1 for 10 reverse split, meaning for each 10 shares of BERK owned pre-split, the shareholder now owned 1 share. For example, a 3000 share position pre-split, became a 300 share position following the split.
When a company such as BERK 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. When a company such as BERK 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 BERK split history from start to finish, an original position size of 1000 shares would have turned into 300 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into BERK shares, starting with a $10,000 purchase of BERK, presented on a split-history-adjusted basis factoring in the complete BERK split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||5.07%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||4.89%|
|Berkshire Bancorp is a bank holding company. Through its indirect wholly-owned subsidiary, The Berkshire Bank (the Bank), Co. provides services to individuals and to small and mid-sized commercial businesses primarily from the New York City metropolitan area. The Bank accepts deposits and invests those deposits in residential and commercial mortgage loans and commercial non-mortgage loans, both unsecured and secured by personal property. In addition, the Bank invests those deposits in debt obligations issued by the U.S. Government, its agencies, business corporations and mortgage-backed securities. At Dec 31 2012, Co. had total assets of $828.0 million and total deposits of $642.5 million. According to our BERK split history records, BERK has had 2 splits.|
|BERK Split History Table|
|05/19/2004||3 for 1|
|05/27/1988||1 for 10|
|Financials Stock Splits|
|BERK is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:|