Split History
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Summit State Bank (SSBI) has 2 splits in our SSBI split history database. The first split for SSBI took place on March 15, 2017. This was a 125 for 100 split, meaning for each 100 shares of SSBI owned pre-split, the shareholder now owned 125 shares. For example, a 1000 share position pre-split, became a 1250 share position following the split. SSBI's second split took place on October 28, 2021. This was a 11 for 10 split, meaning for each 10 shares of SSBI owned pre-split, the shareholder now owned 11 shares. For example, a 1250 share position pre-split, became a 1375 share position following the split.
When a company such as Summit State Bank 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 SSBI split history from start to finish, an original position size of 1000 shares would have turned into 1375 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Summit State Bank shares, starting with a $10,000 purchase of SSBI, presented on a split-history-adjusted basis factoring in the complete SSBI split history.
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Growth of $10,000.00 With Dividends Reinvested |
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| Start date: | 04/22/2014 | ||
| End date: | 04/18/2024 | ||
| Start price/share: | $8.05 | ||
| End price/share: | $10.38 | ||
| Starting shares: | 1,242.24 | ||
| Ending shares: | 1,766.45 | ||
| Dividends reinvested/share: | $4.19 | ||
| Total return: | 83.36% | ||
| Average Annual Total Return: | 6.25% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $18,332.31 | ||
| Years: | 10.00 | ||
|
Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 04/22/2014 | ||
| End date: | 04/18/2024 | ||
| Start price/share: | $8.05 | ||
| End price/share: | $10.38 | ||
| Dividends collected/share: | $4.19 | ||
| Total return: | 80.98% | ||
| Average Annual Total Return: | 6.11% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $18,092.25 | ||
| Years: | 10.00 | ||
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| About Summit State Bank |
| Summit State Bank is commercial bank operating a community banking business within its primary service area of Sonoma County in California. Co.'s lending activities are focused on commercial real estate, construction, and business loans to its targeted clientele. Through its branches and the use of technology, Co. provides various deposit products and services, including electronic banking, cash management services and electronic bill payment. Co. provides a set of loan products, such as commercial loans and leases, lines of credit, commercial real estate loans, Small Business Administration loans, residential mortgage loans to employees, home equity lines of credit and construction loans. According to our SSBI split history records, Summit State Bank has had 2 splits. |
| SSBI Split History Table | |
| Date | Ratio |
| 03/15/2017 | 125 for 100 |
| 10/28/2021 | 11 for 10 |
| Financials Stock Splits |
| SSBI is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:
SSFN Split History Also explore: SSBI shares outstanding history
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