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 Video: What is a Stock Split?
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| First Mid Bancshares is a financial holding company. Through its wholly owned subsidiaries, First Mid Bank & Trust, N.A. and Jefferson Bank and Trust Company, Co. is engaged in the business of banking. Co. provides insurance products and services to customers through its subsidiary, First Mid Insurance Group, Inc. Co. provides trust, farm services, investment services, and retirement planning through its wholly owned subsidiary, First Mid Wealth Management Company. Co. also owns a captive insurance company, First Mid Captive, Inc. In addition, Co.'s wholly owns three statutory business trusts, First Mid-Illinois Statutory Trust II, Clover Leaf Statutory Trust I, and FBTC Statutory Trust I. According to our FMBH split history records, First Mid Bancshares has had 4 splits. | |
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First Mid Bancshares (FMBH) has 4 splits in our FMBH split history database. The first split for FMBH took place on January 22, 2001. FMBH's second split took place on November 19, 2001. This was a 3 for 2 split, meaning for each 2 shares of FMBH 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. FMBH's third split took place on July 19, 2004. This was a 3 for 2 split, meaning for each 2 shares of FMBH owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. FMBH's 4th split took place on July 02, 2007. This was a 3 for 2 split, meaning for each 2 shares of FMBH owned pre-split, the shareholder now owned 3 shares. For example, a 2250 share position pre-split, became a 3375 share position following the split.
When a company such as First Mid Bancshares 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 FMBH split history from start to finish, an original position size of 1000 shares would have turned into 3375 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into First Mid Bancshares shares, starting with a $10,000 purchase of FMBH, presented on a split-history-adjusted basis factoring in the complete FMBH split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/29/2014 |
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| End date: |
04/26/2024 |
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| Start price/share: |
$22.00 |
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| End price/share: |
$31.51 |
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| Starting shares: |
454.55 |
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| Ending shares: |
583.69 |
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| Dividends reinvested/share: |
$7.59 |
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| Total return: |
83.92% |
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| Average Annual Total Return: |
6.28% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$18,387.19 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/29/2014 |
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| End date: |
04/26/2024 |
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| Start price/share: |
$22.00 |
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| End price/share: |
$31.51 |
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| Dividends collected/share: |
$7.59 |
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| Total return: |
77.73% |
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| Average Annual Total Return: |
5.92% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$17,773.78 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 01/22/2001 | 1 for 1 | | 11/19/2001 | 3 for 2 | | 07/19/2004 | 3 for 2 | | 07/02/2007 | 3 for 2 |
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