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Ponce Financial Group (PDLB) has 1 split in our PDLB split history database. The split for PDLB took place on January 28, 2022. This was a 1395 for 1000 split, meaning for each 1000 shares of PDLB owned pre-split, the shareholder now owned 1395 shares. For example, a 1000 share position pre-split, became a 1395 share position following the split.
When a company such as Ponce Financial Group 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 PDLB split history from start to finish, an original position size of 1000 shares would have turned into 1395 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Ponce Financial Group shares, starting with a $10,000 purchase of PDLB, presented on a split-history-adjusted basis factoring in the complete PDLB split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-2.69%|
|About Ponce Financial Group|
|Ponce Financial Group is a savings and loan holding company. Through its subsidiary, Ponce Bank (the Bank), Co. is engaged in accepting deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in mortgage loans, consisting of one-to-four family residential (both investor-owned and owner-occupied), multifamily residential, nonresidential properties, construction and land, and in business and consumer loans. The Bank also provides a variety of deposit accounts, including demand, savings, money markets, NOW/IOLA accounts, reciprocal deposits and certificates of deposit accounts. According to our PDLB split history records, Ponce Financial Group has had 1 split.|
|PDLB Split History Table|
|01/28/2022||1395 for 1000|
|Financials Stock Splits|
|PDLB 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: PDLB shares outstanding history