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 Video: What is a Stock Split?
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| MetroCorp Bancshares is a bank holding company. Co. is engaged in commercial banking activities through its wholly-owned subsidiaries, MetroBank, National Association and Metro United Bank. Co. is a provider of financial products and services to small and medium-sized businesses in a range of industries. Co.'s principal lines of business are the following: commercial and industrial loans; real estate mortgage - commercial and residential mortgage loans; real estate construction loans; government guaranteed small business lending; trade finance; and retail banking. As of Dec 31 2012, Co. had total assets of $1.51 billion and total deposits of $1.27 billion. According to our MCBI split history records, MCBI has had 1 split. | |
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MCBI (MCBI) has 1 split in our MCBI split history database. The split for MCBI took place on September 05, 2006. This was a 3 for 2 split, meaning for each 2 shares of MCBI owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split.
When a company such as MCBI 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 MCBI split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into MCBI shares, starting with a $10,000 purchase of MCBI, presented on a split-history-adjusted basis factoring in the complete MCBI split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
03/03/2017 |
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| End date: |
04/22/2024 |
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| Start price/share: |
$14.00 |
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| End price/share: |
$18.00 |
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| Starting shares: |
714.29 |
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| Ending shares: |
772.54 |
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| Dividends reinvested/share: |
$1.86 |
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| Total return: |
39.06% |
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| Average Annual Total Return: |
4.73% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$13,909.20 |
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| Years: |
7.14 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
03/03/2017 |
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| End date: |
04/22/2024 |
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| Start price/share: |
$14.00 |
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| End price/share: |
$18.00 |
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| Dividends collected/share: |
$1.86 |
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| Total return: |
41.86% |
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| Average Annual Total Return: |
5.02% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$14,186.54 |
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| Years: |
7.14 |
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| Date |
Ratio |
| 09/05/2006 | 3 for 2 |
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