Split History
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TowneBank (TOWN) has 4 splits in our TOWN split history database. The first split for TOWN took place on February 26, 2002. This was a 2 for 1 split, meaning for each share of TOWN owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. TOWN's second split took place on June 18, 2004. This was a 3 for 2 split, meaning for each 2 shares of TOWN owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 3000 share position following the split. TOWN's third split took place on August 24, 2005. This was a 103 for 100 split, meaning for each 100 shares of TOWN owned pre-split, the shareholder now owned 103 shares. For example, a 3000 share position pre-split, became a 3090 share position following the split. TOWN's 4th split took place on May 23, 2012. This was a 103 for 100 split, meaning for each 100 shares of TOWN owned pre-split, the shareholder now owned 103 shares. For example, a 3090 share position pre-split, became a 3182.7 share position following the split.
When a company such as TowneBank 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 TOWN split history from start to finish, an original position size of 1000 shares would have turned into 3182.7 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into TowneBank shares, starting with a $10,000 purchase of TOWN, presented on a split-history-adjusted basis factoring in the complete TOWN 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: | 04/19/2024 | ||
| Start price/share: | $15.66 | ||
| End price/share: | $27.00 | ||
| Starting shares: | 638.57 | ||
| Ending shares: | 841.96 | ||
| Dividends reinvested/share: | $6.80 | ||
| Total return: | 127.33% | ||
| Average Annual Total Return: | 8.56% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $22,735.18 | ||
| Years: | 10.00 | ||
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Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 04/22/2014 | ||
| End date: | 04/19/2024 | ||
| Start price/share: | $15.66 | ||
| End price/share: | $27.00 | ||
| Dividends collected/share: | $6.80 | ||
| Total return: | 115.84% | ||
| Average Annual Total Return: | 8.00% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $21,589.25 | ||
| Years: | 10.00 | ||
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| About TowneBank |
| TowneBank is a commercial and retail banking business. Co. provides a range of banking and related financial services through its controlled divisions and subsidiaries. Co. has three reportable segments. Co.'s Banking segment provides loan and deposit services to retail and commercial customers and also provides a variety of investment and asset management services. The Realty segment provides residential real estate services, mortgage loans, resort property management, and residential and commercial title insurance. The Insurance segment provides a line of commercial and consumer insurance products and financial services, as well as employee benefit services. According to our TOWN split history records, TowneBank has had 4 splits. |
| TOWN Split History Table | |
| Date | Ratio |
| 02/26/2002 | 2 for 1 |
| 06/18/2004 | 3 for 2 |
| 08/24/2005 | 103 for 100 |
| 05/23/2012 | 103 for 100 |
| Financials Stock Splits |
| TOWN is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:
TPL Split History
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