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NOVB (NOVB) has 2 splits in our NOVB split history database. The first split for NOVB took place on November 02, 1998. This was a 2 for 1 split, meaning for each share of NOVB owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. NOVB's second split took place on May 16, 2003. This was a 3 for 2 split, meaning for each 2 shares of NOVB owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 3000 share position following the split.
When a company such as NOVB 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 NOVB split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into NOVB shares, starting with a $10,000 purchase of NOVB, presented on a split-history-adjusted basis factoring in the complete NOVB split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||25.67%|
|North Valley is a bank holding company. Through its subsidiary, North Valley Bank (the Bank), Co. conducts a commercial and retail banking business, which includes accepting demand, savings, and money market rate deposit accounts and time deposits, and making commercial, real estate and consumer loans. The Bank also issues cashier's checks and money orders, and provides safe deposit boxes and other customary banking services. The Bank also provides broker/dealer services and investment advice to its customers through its agreements with Essex National Securities, Inc., a registered broker-dealer. As of Dec 31 2013, Co. had total assets of $917.8 million and total deposits of $787.8 million. According to our NOVB split history records, NOVB has had 2 splits.|
|NOVB Split History Table|
|11/02/1998||2 for 1|
|05/16/2003||3 for 2|
|Financials Stock Splits|
|NOVB is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:|