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PBIB (PBIB) has 4 splits in our PBIB split history database. The first split for PBIB took place on October 30, 2008. This was a 105 for 100 split, meaning for each 100 shares of PBIB owned pre-split, the shareholder now owned 105 shares. For example, a 1000 share position pre-split, became a 1050 share position following the split. PBIB's second split took place on November 09, 2009. This was a 105 for 100 split, meaning for each 100 shares of PBIB owned pre-split, the shareholder now owned 105 shares. For example, a 1050 share position pre-split, became a 1102.5 share position following the split. PBIB's third split took place on December 01, 2010. This was a 105 for 100 split, meaning for each 100 shares of PBIB owned pre-split, the shareholder now owned 105 shares. For example, a 1102.5 share position pre-split, became a 1157.625 share position following the split. PBIB's 4th split took place on December 19, 2016. This was a 1 for 5 reverse split, meaning for each 5 shares of PBIB owned pre-split, the shareholder now owned 1 share. For example, a 1157.625 share position pre-split, became a 231.525 share position following the split.
When a company such as PBIB 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 PBIB 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 PBIB split history from start to finish, an original position size of 1000 shares would have turned into 231.525 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into PBIB shares, starting with a $10,000 purchase of PBIB, presented on a split-history-adjusted basis factoring in the complete PBIB split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||9.70%|
|Porter Bancorp is a bank holding company. Through its subsidiary, Limestone Bank, Inc., Co. provides a range of financial products and services. Co.'s lending services include real estate, commercial, mortgage, agriculture, and consumer loans. Co. also provides a range of retail and commercial deposit products, as well as drive-through banking facilities, automatic teller machines, night depository, personalized checks, credit cards, debit cards, internet banking, mobile banking, treasury management services, and electronic funds transfers through automated clearing house services, among others. As of Dec 31 2017, Co. had total assets of $970,801,000 and total deposits of $847,024,000. According to our PBIB split history records, PBIB has had 4 splits.|
|PBIB Split History Table|
|10/30/2008||105 for 100|
|11/09/2009||105 for 100|
|12/01/2010||105 for 100|
|12/19/2016||1 for 5|
|Financials Stock Splits|
|PBIB is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: PBIB shares outstanding history