Split History
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Prosperity Bancshares (PB) has 1 split in our PB split history database. The split for PB took place on April 01, 1997. This was a 2 for 1 split, meaning for each share of PB 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.
When a company such as Prosperity Bancshares 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 PB split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Prosperity Bancshares shares, starting with a $10,000 purchase of PB, presented on a split-history-adjusted basis factoring in the complete PB 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: | 04/24/2024 | ||
| Start price/share: | $58.73 | ||
| End price/share: | $65.08 | ||
| Starting shares: | 170.27 | ||
| Ending shares: | 220.25 | ||
| Dividends reinvested/share: | $16.41 | ||
| Total return: | 43.34% | ||
| Average Annual Total Return: | 3.67% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $14,337.98 | ||
| Years: | 10.00 | ||
|
Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 04/28/2014 | ||
| End date: | 04/24/2024 | ||
| Start price/share: | $58.73 | ||
| End price/share: | $65.08 | ||
| Dividends collected/share: | $16.41 | ||
| Total return: | 38.76% | ||
| Average Annual Total Return: | 3.33% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $13,874.75 | ||
| Years: | 10.00 | ||
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| About Prosperity Bancshares |
| Prosperity Bancshares is a financial holding company. Through its subsidiary, Co. provides financial products and services to businesses and consumers. Co. provides commercial real estate (including farmland and multifamily residential), one-to-four family residential (including home equity) and construction, land development and other land loans. Co. is engaged in commercial and industrial lending providing commercial loans. Co. also provides agricultural loans, loans for automobiles and other consumer durables, home equity loans, debit and credit cards, digital banking solutions, trust and wealth management, retail brokerage services, mortgage services and treasury management. According to our PB split history records, Prosperity Bancshares has had 1 split. |
| PB Split History Table | |
| Date | Ratio |
| 04/01/1997 | 2 for 1 |
| Financials Stock Splits |
| PB is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:
PBBI Split History Also explore: PB shares outstanding history
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