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Video: What is a Stock Split?
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Heritage Financial Group is a bank holding company. Through its subsidiary, HeritageBank of the South, Co. provides retail and commercial banking services to its customers located primarily in Georgia, Florida and Alabama. Co.'s loan portfolio includes residential real estate lending, commercial real estate lending, construction and land lending, commercial and industrial lending, consumer and other lending. Co. also provides a range of deposit accounts, savings and checking accounts, money market deposit accounts, negotiable order of withdrawal accounts, demand accounts, and certificates of deposit. At Dec 31 2013, Co. had total assets of $1.38 billion and total deposits of $1.08 billion. According to our HBOS split history records, HBOS has had 1 split. | |
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HBOS (HBOS) has 1 split in our HBOS split history database. The split for HBOS took place on November 30, 2010. This was a 8376 for 10000 reverse split, meaning for each 10000 shares of HBOS owned pre-split, the shareholder now owned 8376 shares. For example, a 1000 share position pre-split, became a 837.6 share position following the split.
When a company such as HBOS conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the HBOS split history from start to finish, an original position size of 1000 shares would have turned into 837.6 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into HBOS shares, starting with a $10,000 purchase of HBOS, presented on a split-history-adjusted basis factoring in the complete HBOS split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/25/2014 |
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End date: |
06/30/2015 |
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Start price/share: |
$19.30 |
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End price/share: |
$30.18 |
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Starting shares: |
518.13 |
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Ending shares: |
526.40 |
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Dividends reinvested/share: |
$0.35 |
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Total return: |
58.87% |
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Average Annual Total Return: |
48.00% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$15,887.25 |
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Years: |
1.18 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/25/2014 |
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End date: |
06/30/2015 |
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Start price/share: |
$19.30 |
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End price/share: |
$30.18 |
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Dividends collected/share: |
$0.35 |
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Total return: |
58.19% |
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Average Annual Total Return: |
47.46% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$15,818.83 |
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Years: |
1.18 |
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Date |
Ratio |
11/30/2010 | 8376 for 10000 |
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