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 Video: What is a Stock Split?
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| German American Bancorp, Inc. is a financial holding company. Co., through its banking subsidiary German American Bank, operates around 74 banking offices in 20 contiguous southern Indiana counties and 14 counties in Kentucky. Its segments include core banking and wealth management services. The core banking segment involves attracting deposits from the general public and using such funds to originate consumer, commercial and agricultural, commercial and agricultural real estate, and residential mortgage loans, primarily in the Co.'s local markets. The core banking segment also involves the sale of residential mortgage loans in the secondary market. According to our GABC split history records, German American Bancorp has had 12 splits. | |
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German American Bancorp (GABC) has 12 splits in our GABC split history database. The first split for GABC took place on September 13, 1993. This was a 3 for 2
split, meaning for each 2
shares of GABC 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. GABC's second split took place on November 03, 1997. This was a 2 for 1
split, meaning for each share of GABC owned pre-split, the shareholder now owned 2 shares. For example, a 1500 share position pre-split, became a 3000 share position following the split. GABC's third split took place on November 25, 1997. This was a 21 for 20
split, meaning for each 20
shares of GABC owned pre-split, the shareholder now owned 21 shares. For example, a 3000 share position pre-split, became a 3150 share position following the split. GABC's 4th split took place on November 25, 1998. This was a 21 for 20
split, meaning for each 20
shares of GABC owned pre-split, the shareholder now owned 21 shares. For example, a 3150 share position pre-split, became a 3307.5 share position following the split. GABC's 5th split took place on November 26, 1999. This was a 105 for 100
split, meaning for each 100
shares of GABC owned pre-split, the shareholder now owned 105 shares. For example, a 3307.5 share position pre-split, became a 3472.875 share position following the split. GABC's 6th split took place on November 28, 2000. This was a 105 for 100 split, meaning for each 100 shares of GABC owned pre-split, the shareholder now owned 105 shares. For example, a 3472.875 share position pre-split, became a 3646.51875 share position following the split. GABC's 7th split took place on November 28, 2001. This was a 105 for 100 split, meaning for each 100 shares of GABC owned pre-split, the shareholder now owned 105 shares. For example, a 3646.51875 share position pre-split, became a 3828.8446875 share position following the split. GABC's 8th split took place on November 26, 2002. This was a 105 for 100 split, meaning for each 100 shares of GABC owned pre-split, the shareholder now owned 105 shares. For example, a 3828.8446875 share position pre-split, became a 4020.286921875 share position following the split. GABC's 9th split took place on November 26, 2003. This was a 105 for 100 split, meaning for each 100 shares of GABC owned pre-split, the shareholder now owned 105 shares. For example, a 4020.286921875 share position pre-split, became a 4221.30126796875 share position following the split. GABC's 10th split took place on November 21, 1995. This was a 105 for 100 split, meaning for each 100 shares of GABC owned pre-split, the shareholder now owned 105 shares. For example, a 4221.30126796875 share position pre-split, became a 4432.36633136719 share position following the split. GABC's 11th split took place on November 06, 1996. This was a 105 for 100 split, meaning for each 100 shares of GABC owned pre-split, the shareholder now owned 105 shares. For example, a 4432.36633136719 share position pre-split, became a 4653.98464793555 share position following the split. GABC's 12th split took place on April 24, 2017. This was a 3 for 2 split, meaning for each 2 shares of GABC owned pre-split, the shareholder now owned 3 shares. For example, a 4653.98464793555 share position pre-split, became a 6980.97697190332 share position following the split.
When a company such as German American Bancorp 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 GABC split history from start to finish, an original position size of 1000 shares would have turned into 6980.97697190332 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into German American Bancorp shares, starting with a $10,000 purchase of GABC, presented on a split-history-adjusted basis factoring in the complete GABC split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/09/2014 |
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| End date: |
12/06/2024 |
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| Start price/share: |
$19.85 |
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| End price/share: |
$45.04 |
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| Starting shares: |
503.78 |
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| Ending shares: |
635.13 |
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| Dividends reinvested/share: |
$7.33 |
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| Total return: |
186.06% |
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| Average Annual Total Return: |
11.08% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$28,599.52 |
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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: |
12/09/2014 |
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| End date: |
12/06/2024 |
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| Start price/share: |
$19.85 |
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| End price/share: |
$45.04 |
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| Dividends collected/share: |
$7.33 |
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| Total return: |
163.83% |
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| Average Annual Total Return: |
10.19% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$26,388.93 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 09/13/1993 | 3 for 2
| | 11/03/1997 | 2 for 1
| | 11/25/1997 | 21 for 20
| | 11/25/1998 | 21 for 20
| | 11/26/1999 | 105 for 100
| | 11/28/2000 | 105 for 100 | | 11/28/2001 | 105 for 100 | | 11/26/2002 | 105 for 100 | | 11/26/2003 | 105 for 100 | | 11/21/1995 | 105 for 100 | | 11/06/1996 | 105 for 100 | | 04/24/2017 | 3 for 2 |
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