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TowneBank provides retail and commercial banking services to Richmond, VA, and the Greater Hampton Roads region in southeastern Virginia, and northeastern North Carolina. Co. has three segments: Banking, which provides loan and deposit services, commercial mortgage brokerage services and investment and asset management services; Realty, which provides residential real estate services, originations of mortgage loans, resort property management, and residential and commercial title insurance; and Insurance, which provides property and casualty insurance as well as employee and group benefits. As of Dec 31 2017, Co. had total assets of $8.52 billion and total deposits of $6.45 billion. According to our TOWN split history records, TowneBank has had 4 splits.
TOWN split history picture
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. TOWN split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 06/19/2008
End date: 06/18/2018
Start price/share: $16.04
End price/share: $32.80
Starting shares: 623.44
Ending shares: 779.43
Dividends reinvested/share: $3.90
Total return: 155.65%
Average Annual Total Return: 9.84%
Starting investment: $10,000.00
Ending investment: $25,569.19
Years: 10.00
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 06/19/2008
End date: 06/18/2018
Start price/share: $16.04
End price/share: $32.80
Dividends collected/share: $3.90
Total return: 128.77%
Average Annual Total Return: 8.63%
Starting investment: $10,000.00
Ending investment: $22,887.39
Years: 10.00
Date Ratio
02/26/20022 for 1
06/18/20043 for 2
08/24/2005103 for 100
05/23/2012103 for 100
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