Split History
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CSBK (CSBK) has 6 splits in our CSBK split history database. The first split for CSBK took place on May 20, 1996. This was a 3 for 2 split, meaning for each 2 shares of CSBK owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. CSBK's second split took place on August 06, 1997. This was a 105 for 100 split, meaning for each 100 shares of CSBK owned pre-split, the shareholder now owned 105 shares. For example, a 1500 share position pre-split, became a 1575 share position following the split. CSBK's third split took place on December 31, 1997. This was a 3 for 2 split, meaning for each 2 shares of CSBK owned pre-split, the shareholder now owned 3 shares. For example, a 1575 share position pre-split, became a 2362.5 share position following the split. CSBK's 4th split took place on September 14, 1998. This was a 103 for 100 split, meaning for each 100 shares of CSBK owned pre-split, the shareholder now owned 103 shares. For example, a 2362.5 share position pre-split, became a 2433.375 share position following the split. CSBK's 5th split took place on December 29, 1999. This was a 105 for 100 split, meaning for each 100 shares of CSBK owned pre-split, the shareholder now owned 105 shares. For example, a 2433.375 share position pre-split, became a 2555.04375 share position following the split. CSBK's 6th split took place on April 02, 2014. This was a 979 for 1000 reverse split, meaning for each 1000 shares of CSBK owned pre-split, the shareholder now owned 979 shares. For example, a 2555.04375 share position pre-split, became a 2501.38783125 share position following the split.
When a company such as CSBK 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 CSBK 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 CSBK split history from start to finish, an original position size of 1000 shares would have turned into 2501.38783125 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CSBK shares, starting with a $10,000 purchase of CSBK, presented on a split-history-adjusted basis factoring in the complete CSBK split history.
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Growth of $10,000.00 With Dividends Reinvested |
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| Start date: | 04/28/2014 | ||
| End date: | 03/29/2018 | ||
| Start price/share: | $11.61 | ||
| End price/share: | $15.65 | ||
| Starting shares: | 861.33 | ||
| Ending shares: | 943.16 | ||
| Dividends reinvested/share: | $1.33 | ||
| Total return: | 47.61% | ||
| Average Annual Total Return: | 10.44% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $14,759.75 | ||
| Years: | 3.92 | ||
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Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 04/28/2014 | ||
| End date: | 03/29/2018 | ||
| Start price/share: | $11.61 | ||
| End price/share: | $15.65 | ||
| Dividends collected/share: | $1.33 | ||
| Total return: | 46.25% | ||
| Average Annual Total Return: | 10.18% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $14,623.99 | ||
| Years: | 3.92 | ||
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| About CSBK |
| Clifton Bancorp is a savings and loan holding company. Through its subsidiary, Clifton Savings Bank, Co. operates as a financial institution providing financial services to consumers and businesses in its market area. Co. accepts deposits from the public and use those funds to originate one- to four-family, multi-family and commercial real estate and, to a much lesser extent, industrial and consumer loans, all of which Co. holds for investment. Co. deposits including checking accounts, business checking, high-yield checking, passbook and statement savings accounts and certificates of deposit. As of Mar 31 2017, Co. had total assets of $1.43 billion and deposits of $844.8 million. According to our CSBK split history records, CSBK has had 6 splits. |
| CSBK Split History Table | |
| Date | Ratio |
| 05/20/1996 | 3 for 2 |
| 08/06/1997 | 105 for 100 |
| 12/31/1997 | 3 for 2 |
| 09/14/1998 | 103 for 100 |
| 12/29/1999 | 105 for 100 |
| 04/02/2014 | 979 for 1000 |
| Financials Stock Splits |
| CSBK is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:
CSFL Split History
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