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 Video: What is a Stock Split?
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| Madison County Financial is a savings and loan holding company. Through its wholly owned subsidiary, Madison County Bank, Co.'s business consists of accepting retail deposits and investing those deposits in agricultural real estate loans, one- to four-family residential real estate loans, agricultural and commercial non-real estate loans, commercial and multi-family real estate loans, and consumer loans. Co. also purchases investment securities. Co.'s market area is the northeastern Nebraska counties of Antelope, Cedar, Boone, Knox, Madison, Pierce and Stanton. As of Dec 31 2014, Co. had total assets of $314.3 million and total deposits of $210.0 million. According to our MCBK split history records, MCBK has had 3 splits. | |
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MCBK (MCBK) has 3 splits in our MCBK split history database. The first split for MCBK took place on December 11, 2003. This was a 105 for 100 split, meaning for each 100 shares of MCBK owned pre-split, the shareholder now owned 105 shares. For example, a 1000 share position pre-split, became a 1050 share position following the split. MCBK's second split took place on July 13, 2004. This was a 6 for 5 split, meaning for each 5 shares of MCBK owned pre-split, the shareholder now owned 6 shares. For example, a 1050 share position pre-split, became a 1260 share position following the split. MCBK's third split took place on August 02, 2004. This was a 6 for 5 split, meaning for each 5 shares of MCBK owned pre-split, the shareholder now owned 6 shares. For example, a 1260 share position pre-split, became a 1512 share position following the split.
When a company such as MCBK 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 MCBK split history from start to finish, an original position size of 1000 shares would have turned into 1512 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into MCBK shares, starting with a $10,000 purchase of MCBK, presented on a split-history-adjusted basis factoring in the complete MCBK split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
04/17/2024 |
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| Start price/share: |
$18.00 |
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| End price/share: |
$22.25 |
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| Starting shares: |
555.56 |
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| Ending shares: |
651.51 |
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| Dividends reinvested/share: |
$4.27 |
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| Total return: |
44.96% |
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| Average Annual Total Return: |
3.78% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$14,489.33 |
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| Years: |
9.99 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
04/17/2024 |
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| Start price/share: |
$18.00 |
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| End price/share: |
$22.25 |
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| Dividends collected/share: |
$4.27 |
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| Total return: |
47.33% |
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| Average Annual Total Return: |
3.95% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$14,728.30 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 12/11/2003 | 105 for 100 | | 07/13/2004 | 6 for 5 | | 08/02/2004 | 6 for 5 |
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