10.56
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Summit St. Bank (SSBI) Stock Split History

Summit St. Bank has split its stock 3 times since its initial public offering (IPO). The first stock split occurred on June 14, 2006 with the ratio of 2-for-1, meaning that for 1 share of SSBI owned pre-split, shareholders then owned 2 shares. 2 more splits have been implemented since then. The most recent stock split took place on October 28, 2021 on a 11-for-10 basis.

These splits have increased SSBI stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that these actions only change the number of shares and the price per share with no impact on Summit St. Bank's total market capitalization.

For more detailed information of Summit St. Bank's stock splits, view the table below:

SSBI stock split list

Date Split Ratio
2021-10-28 11 - for - 10
2017-03-15 5 - for - 4
2006-06-14 2 - for - 1

Will Summit St. Bank Stock Split in 2024?

The answer will depend on the decisions of the company's managers and market volatility. Summit St. Bank has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when SSBI stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Summit St. Bank's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.

Stock Splits of Industry Leaders

Ticker Symbol Latest Split Date Split Ratio
HDB 2019-09-26 2 - for - 1
IBN 2017-06-19 110 - for - 100
ITUB 2018-11-28 3 - for - 2
USB 1999-04-16 3 - for - 1
PNC 1992-11-16 2 - for - 1
TFC 1998-08-04 2 - for - 1
LYG 2009-05-06 51 - for - 50
BBD 2022-04-19 11 - for - 10
DB 1995-06-01 10 - for - 1
NWG 2022-08-30 13 - for - 14
MTB 2000-10-06 10 - for - 1
FITB 2000-07-17 3 - for - 2
KB 2001-12-26 17 - for - 16
HBAN 2000-07-12 11 - for - 10
RF 2004-07-01 16 - for - 13
SHG 2012-10-15 2 - for - 1
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