Split History
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Patriot National Bancorp (PNBK) has 1 split in our PNBK split history database. The split for PNBK took place on March 04, 2015. This was a 1 for 10 reverse split, meaning for each 10 shares of PNBK owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.
When a company such as Patriot National Bancorp 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 PNBK split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Patriot National Bancorp shares, starting with a $10,000 purchase of PNBK, presented on a split-history-adjusted basis factoring in the complete PNBK 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: | $12.50 | ||
| End price/share: | $3.80 | ||
| Starting shares: | 800.00 | ||
| Ending shares: | 804.96 | ||
| Dividends reinvested/share: | $0.10 | ||
| Total return: | -69.41% | ||
| Average Annual Total Return: | -11.17% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $3,060.11 | ||
| Years: | 10.00 | ||
|
Growth of $10,000.00 Without Dividends Reinvested |
|||
| Start date: | 04/28/2014 | ||
| End date: | 04/24/2024 | ||
| Start price/share: | $12.50 | ||
| End price/share: | $3.80 | ||
| Dividends collected/share: | $0.10 | ||
| Total return: | -68.80% | ||
| Average Annual Total Return: | -11.00% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $3,119.17 | ||
| Years: | 10.00 | ||
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| About Patriot National Bancorp |
| Patriot National Bancorp is a bank holding company. Through its subsidiary, Patriot Bank, N.A (the Bank), provides commercial real estate loans, commercial business loans, SBA loans originated under the U.S. Small Business Administration (SBA), and a variety of consumer loans with an emphasis on serving the needs of individuals, small and medium-sized businesses and personnels. The Bank's lending activities are conducted principally in Fairfield and New Haven Counties in Connecticut and Westchester County in New York. Other services provided by the Bank include Automated Clearing House transfers, internet banking, debit cards, money orders, traveler's checks, and automatic teller machines. According to our PNBK split history records, Patriot National Bancorp has had 1 split. |
| PNBK Split History Table | |
| Date | Ratio |
| 03/04/2015 | 1 for 10 |
| Financials Stock Splits |
| PNBK is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:
PNC Split History Also explore: PNBK shares outstanding history
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