Split History
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Seacoast Banking of Florida (SBCF) has 3 splits in our SBCF split history database. The first split for SBCF took place on July 16, 2002. This was a 3 for 1 split, meaning for each share of SBCF owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split. SBCF's second split took place on July 30, 2003. This was a 11 for 10 split, meaning for each 10 shares of SBCF owned pre-split, the shareholder now owned 11 shares. For example, a 3000 share position pre-split, became a 3300 share position following the split. SBCF's third split took place on December 13, 2013. This was a 1 for 5 reverse split, meaning for each 5 shares of SBCF owned pre-split, the shareholder now owned 1 share. For example, a 3300 share position pre-split, became a 660 share position following the split.
When a company such as Seacoast Banking of Florida 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 Seacoast Banking of Florida 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 SBCF split history from start to finish, an original position size of 1000 shares would have turned into 660 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Seacoast Banking of Florida shares, starting with a $10,000 purchase of SBCF, presented on a split-history-adjusted basis factoring in the complete SBCF split history.
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Growth of $10,000.00 With Dividends Reinvested |
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| Start date: | 04/29/2014 | ||
| End date: | 04/26/2024 | ||
| Start price/share: | $10.54 | ||
| End price/share: | $23.38 | ||
| Starting shares: | 948.77 | ||
| Ending shares: | 1,015.60 | ||
| Dividends reinvested/share: | $1.92 | ||
| Total return: | 137.45% | ||
| Average Annual Total Return: | 9.03% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $23,738.87 | ||
| Years: | 10.00 | ||
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Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 04/29/2014 | ||
| End date: | 04/26/2024 | ||
| Start price/share: | $10.54 | ||
| End price/share: | $23.38 | ||
| Dividends collected/share: | $1.92 | ||
| Total return: | 140.04% | ||
| Average Annual Total Return: | 9.15% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $24,001.45 | ||
| Years: | 10.00 | ||
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| About Seacoast Banking of Florida |
| Seacoast Banking is a financial holding company. Co.'s principal subsidiary is Seacoast National Bank, a wholly-owned national banking association (Seacoast Bank). Co. provides financial services including commercial and retail banking, wealth management and mortgage services. Seacoast Bank also provides brokerage and annuity services. Seacoast Bank personnel managing the sale of these services are dual employees with LPL Financial, the company through which Seacoast Bank conducts brokerage and annuity services. Seacoast Insurance Services, Inc., a wholly owned subsidiary of Co., facilitates access for Co. to provide customers with a range of insurance products. According to our SBCF split history records, Seacoast Banking of Florida has had 3 splits. |
| SBCF Split History Table | |
| Date | Ratio |
| 07/16/2002 | 3 for 1 |
| 07/30/2003 | 11 for 10 |
| 12/13/2013 | 1 for 5 |
| Financials Stock Splits |
| SBCF is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:
SBFG Split History Also explore: SBCF shares outstanding history
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