Do you want to know the history of stock splits by Bank of the James Financial Group Inc (BOTJ)? Do you want to know if the splits helped the stock to grow in value? This post will help you. Sections in this report will help you get to know the dates, ratios and analyze the impact of stock splits on share prices, trading volumes etc.
This report has 4 useful sections.
- How Many Times Bank of the James Financial Group Inc (BOTJ) Stock's Were Split?
- Prices Before And After BOTJ Historical Splits
- Did Bank of the James Financial Group Inc (BOTJ) Stock Value Grow After Stock Splits?
- Did Volume Of Trade Increase After Stock Split?
1 How Many Times Bank of the James Financial Group Inc (BOTJ) Stock's Were Split?
Since 01-02-2004, Bank of the James Financial Group Inc (BOTJ) stocks were split 7 times. Below is a table summarizing the historical split ratios and the corresponding dates. In addition, you can also observe how often BOTJ stock has split by noting the differences between the years (of adjacent rows).
| Date | Split Ratio |
|---|---|
| 01-02-2004 | 1.1:1 |
| 03-07-2005 | 1.5:1 |
| 03-13-2006 | 1.25:1 |
| 06-13-2008 | 1.1:1 |
| 06-12-2009 | 1.05:1 |
| 06-17-2010 | 1.1:1 |
| 06-24-2021 | 1.1:1 |
Note: How to read a split ratio?
The first row in the BOTJ stock split table (shown above) shows the ratio as 1.1:1. (e.g 2:1). This means every single stock of BOTJ was split into 1.1 (e.g 2)
Below Table Shows Daily Prices of Seven Days Before Split & Seven Days After Split
| 01-02-2004 1.1:1 | Before 7 Days Price | After 7 Days Price | ||
|---|---|---|---|---|
| 12-19-2003 | 24.95 | 01-06-2004 | 21.14 | |
| 12-22-2003 | 23.25 | 01-07-2004 | 25 | |
| 12-23-2003 | 25.25 | 01-08-2004 | 25 | |
| 12-24-2003 | 25.25 | 01-09-2004 | 25 | |
| 12-26-2003 | 25.25 | 01-12-2004 | 24 | |
| 12-29-2003 | 25.25 | 01-13-2004 | 23.25 | |
| 12-30-2003 | 23.25 | 01-14-2004 | 23.25 | |
| 03-07-2005 1.5:1 | Before 7 Days Price | After 7 Days Price | ||
| 02-23-2005 | 29.25 | 03-09-2005 | 20 | |
| 02-24-2005 | 29.5 | 03-10-2005 | 20.5 | |
| 02-25-2005 | 29.5 | 03-11-2005 | 19.75 | |
| 02-28-2005 | 29.5 | 03-14-2005 | 20 | |
| 03-01-2005 | 29.5 | 03-15-2005 | 20 | |
| 03-02-2005 | 29.5 | 03-16-2005 | 20 | |
| 03-03-2005 | 29.5 | 03-17-2005 | 20.5 | |
| 03-13-2006 1.25:1 | Before 7 Days Price | After 7 Days Price | ||
| 03-01-2006 | 22.7 | 03-15-2006 | 20 | |
| 03-02-2006 | 22.7 | 03-16-2006 | 20 | |
| 03-03-2006 | 22.85 | 03-17-2006 | 21 | |
| 03-06-2006 | 23.25 | 03-20-2006 | 21.5 | |
| 03-07-2006 | 23.25 | 03-21-2006 | 19.8 | |
| 03-08-2006 | 23.25 | 03-22-2006 | 19.8 | |
| 03-09-2006 | 23.25 | 03-23-2006 | 20 | |
| 06-13-2008 1.1:1 | Before 7 Days Price | After 7 Days Price | ||
| 06-03-2008 | 14.5 | 06-17-2008 | 14.55 | |
| 06-04-2008 | 14.75 | 06-18-2008 | 14.55 | |
| 06-05-2008 | 14.75 | 06-19-2008 | 14.55 | |
| 06-06-2008 | 14.35 | 06-20-2008 | 15 | |
| 06-09-2008 | 15.02 | 06-23-2008 | 15 | |
| 06-10-2008 | 16 | 06-24-2008 | 15 | |
| 06-11-2008 | 16 | 06-25-2008 | 15 | |
| 06-12-2009 1.05:1 | Before 7 Days Price | After 7 Days Price | ||
| 06-02-2009 | 10 | 06-16-2009 | 10.48 | |
| 06-03-2009 | 10 | 06-17-2009 | 8.9 | |
| 06-04-2009 | 10 | 06-18-2009 | 9 | |
| 06-05-2009 | 10 | 06-19-2009 | 9 | |
| 06-08-2009 | 10 | 06-22-2009 | 9 | |
| 06-09-2009 | 10 | 06-23-2009 | 9 | |
| 06-10-2009 | 11 | 06-24-2009 | 8.25 | |
| 06-17-2010 1.1:1 | Before 7 Days Price | After 7 Days Price | ||
| 06-07-2010 | 8 | 06-21-2010 | 8.9 | |
| 06-08-2010 | 8.5 | 06-22-2010 | 8 | |
| 06-09-2010 | 8.5 | 06-23-2010 | 8 | |
| 06-10-2010 | 8.1 | 06-24-2010 | 8.05 | |
| 06-11-2010 | 8.85 | 06-25-2010 | 8.05 | |
| 06-14-2010 | 8.5 | 06-28-2010 | 8.05 | |
| 06-15-2010 | 8.95 | 06-29-2010 | 8.05 | |
| 06-24-2021 1.1:1 | Before 7 Days Price | After 7 Days Price | ||
| 06-14-2021 | 18.71 | 06-28-2021 | 16.922 | |
| 06-15-2021 | 18.2 | 06-29-2021 | 16.2801 | |
| 06-16-2021 | 18.01 | 06-30-2021 | 16 | |
| 06-17-2021 | 18 | 07-01-2021 | 15.5 | |
| 06-18-2021 | 18.75 | 07-02-2021 | 15.6 | |
| 06-21-2021 | 19.9243 | 07-06-2021 | 16.06 | |
| 06-22-2021 | 19.57 | 07-07-2021 | 15.85 | |
Is Stock Split Good?
On most occasions, a share split is seen as a healthy sign. The reason is simple. In general, a firm will decide to split stocks when the price per share has become too high. High prices have a tendency to put off investors (especially the smaller investors). As a result of a stock split, the price per share gets reduced and becomes an attractive option for retail investors (who otherwise would have stayed away).
Like stock splits, dividends are also considered healthy by many investors. You may want to have a quick look at the dividends report of BOTJ
2 Prices Before And After BOTJ Historical Splits
This section helps you learn the impact on share prices before and after the split. We will check the price/share 7 days (market open days) before and after the stock split. By comparing the price change ratio to the stock split ratio, we can check if Bank of the James Financial Group Inc (BOTJ) had favorable outcomes during stock split(s).
What is a favorable scenario?
Assume a stock is split in the ratio of 2:1. Therefore, a shareholder will get 2 shares for every 1 share. And the price is expected to fall by half or 1/2. If the price per share was 1000$ before split one would expect the price to hover around 500$ after the split. What if the price becomes 600$ in a few days after the split. Every share has grown by an extra 100$ over the expected 1/2 ratio. That is a favorable scenario. Instead, if the price drops to 400$ then performance is below expectation.
Let the split ratio be X:1. Then the expected price change is 1:X (inverse of X:1). If the real price change ratio is > 1/X, then the outcome is positive else negative.
Let's check outcome for BOTJ split(s).
Note: Rows in the below table and the others that follow represent the stock splits. For example, the first row corresponds to the date 2004-01-02 when the split took place.
| Splitcoefficient | Price 7 Days Before | Price 7 Days After | Price Ratio | Exp.Outcome | Favourable? |
|---|---|---|---|---|---|
| 1.1:1 | 24.95 | 23.25 | 23:25 | 1:1.1 | Yes |
| 1.5:1 | 29.25 | 20.5 | 21:29 | 1:1.5 | Yes |
| 1.25:1 | 22.7 | 20 | 20:23 | 1:1.25 | Yes |
| 1.1:1 | 14.5 | 15 | 15:15 | 1:1.1 | Yes |
| 1.05:1 | 10 | 8.25 | 8:10 | 1:1.05 | No |
| 1.1:1 | 8 | 8.05 | 8:8 | 1:1.1 | Yes |
| 1.1:1 | 18.71 | 15.85 | 16:19 | 1:1.1 | No |
3 Did Bank of the James Financial Group Inc (BOTJ) Stock Value Grow After Stock Splits?
The previous section compared the price change ratio to that of the stock split. But the section you are going to see has a more straightforward approach. We are going to check if the growth increased after the split. We will note the price growth(%) between one day and 7 days before the split. Next, we will compare that value to the change between one day and 7 days after the split.
| Price 7 Days Before | Price 1 Day Before | %Change(x) | Price 1 Day After | Price 7 Days After | %Change (y) | Difference (y% - x%) |
|---|---|---|---|---|---|---|
| 24.95 | 23.25 | -6.81 | 20.93 | 23.25 | 11.08 | 17.89 |
| 29.25 | 29.5 | 0.85 | 19 | 20.5 | 7.89 | 7.04 |
| 22.7 | 22.75 | 0.22 | 19.98 | 20 | 0.1 | -0.12 |
| 14.5 | 16 | 10.34 | 14.55 | 15 | 3.09 | -7.25 |
| 10 | 11 | 10 | 10.48 | 8.25 | -21.28 | -31.28 |
| 8 | 8.95 | 11.88 | 8.14 | 8.05 | -1.11 | -12.99 |
| 18.71 | 19.99 | 6.84 | 17.5 | 15.85 | -9.43 | -16.27 |
Note: A negative sign in the Difference column indicates the price growth dropped after a stock split.
4 Did Volume Of Trade Increase After Stock Split?
Stock splits have a tendency to increase the buy/sell activity of the concerned stocks. This section compares the volume of activity before and after the split(s).
The methodology used to compare is similar to the previous section, except we are going to see the volume metric instead of the share price.
In the below table, the first column represents the average volume between 7 days before and 1 day before the split. The second column represents the average volume between 1 day after and 7 days after the split.
| Before 7 Days Volume | After 7 Days Volume | Volume Difference (%) |
|---|---|---|
| 74 | 114 | 54.05 % |
| 38 | 343 | 802.63 % |
| 106 | 736 | 594.34 % |
| 506 | 49 | -90.32 % |
| 359 | 1117 | 211.14 % |
| 714 | 200 | -71.99 % |
| 18770 | 16654 | -11.27 % |
Conclusion:
Many investors believe a company that has split stocks multiple times is financially healthy. Mere belief is not a substitute for careful analysis. One has to analyze the impact of the split(s) from different viewpoints to make decisions. Hopefully, the above report helps you in that regard.
Recommended Reading:
Stock splits have noticable impact on price movements. Access BOTJ historical performance report for more details.
Disclaimer:
We have validated the data to the best of our knowledge. If you find data inaccuracies kindly let us know using the contact form so that we can act promptly.
I am a seasoned financial analyst with a wealth of experience in analyzing stock splits and their impact on share prices, trading volumes, and overall stock performance. I have closely followed the history of stock splits by various companies, including Bank of the James Financial Group Inc (BOTJ). My expertise extends to conducting thorough analyses, interpreting historical data, and providing insights into the financial health of companies based on their stock split activities.
In the case of Bank of the James Financial Group Inc, since January 2, 2004, the company has undergone seven stock splits. The split ratios and corresponding dates are as follows:
- 01-02-2004: 1.1:1
- 03-07-2005: 1.5:1
- 03-13-2006: 1.25:1
- 06-13-2008: 1.1:1
- 06-12-2009: 1.05:1
- 06-17-2010: 1.1:1
- 06-24-2021: 1.1:1
Now, let's delve into the analysis of the impact of these stock splits on BOTJ's share prices, trading volumes, and overall stock performance.
1. How Many Times Bank of the James Financial Group Inc (BOTJ) Stock's Were Split?
Since 01-02-2004, BOTJ stocks were split seven times. The table provides a detailed breakdown of split ratios and corresponding dates.
2. Prices Before And After BOTJ Historical Splits
This section presents a comprehensive view of the daily stock prices seven days before and seven days after each stock split. The analysis aims to determine the impact on share prices and whether the outcomes were favorable.
3. Did Bank of the James Financial Group Inc (BOTJ) Stock Value Grow After Stock Splits?
This part evaluates the growth in stock value after each split. By comparing the expected price change based on split ratios to the actual price change, we assess whether the outcomes were positive or negative.
4. Did Volume Of Trade Increase After Stock Split?
Stock splits often impact trading volumes. This section analyzes the average trading volumes before and after each split to determine if there is a notable increase or decrease in activity.
In conclusion, the report suggests that while many investors consider multiple stock splits a sign of financial health, a careful analysis is necessary. The outcomes of stock splits can vary, and it is crucial to assess their impact on share prices and trading volumes from different perspectives. This comprehensive analysis of BOTJ's stock split history provides valuable insights for investors looking to make informed decisions.
Recommended Reading: The report concludes by recommending further exploration of BOTJ's historical performance report for a more detailed understanding of the company's stock movements. Additionally, a disclaimer emphasizes the validation of data accuracy and encourages users to report any inaccuracies for prompt action.
