When a company such as CHEV 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 CHEV split history from start to finish, an original position size of 1000 shares would have turned into 857 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CHEV shares, starting with a $10,000 purchase of CHEV, presented on a split-history-adjusted basis factoring in the complete CHEV split history.

About CHEV

Cheviot Financial is a savings and loan holding company. Co.'s subsidiary, Cheviot Savings Bank is a savings and loan association. Co.'s primary business activity is the origination of one- to four-family real estate loans. To a lesser extent, Co. originates construction, multi-family, commercial real estate and consumer loans. Co. also invests in securities, primarily U.S. Government Agency securities and mortgage-backed securities. Co. also provides passbook and statement savings accounts, non-interest-bearing demand accounts, money market accounts and certificates of deposit. As of Dec 31 2014, Co. had total assets of $571.2 million and total deposits of $451.8 million. According to our CHEV split history records, CHEV has had 1 split.

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