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Video: What is a Stock Split?
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Horizon Bancorp, Inc. is a bank holding company for Horizon Bank, which serves customers across Midwestern markets through digital and virtual tools, as well as its Indiana and Michigan branches. Co. operates through a single segment, which is commercial banking. The Bank is a full-service commercial bank offering commercial and retail banking services, corporate and individual trust and agency services and other services incident to banking. Its retail offerings include prime residential, indirect auto, and other secured consumer lending to in-market customers, as well as a range of personal banking and wealth management solutions. According to our HBNC split history records, Horizon Bancorp has had 6 splits. | |
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Horizon Bancorp (HBNC) has 6 splits in our HBNC split history database. The first split for HBNC took place on November 19, 2001. This was a 3 for 1 split, meaning for each share of HBNC owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split. HBNC's second split took place on November 18, 2003. This was a 3 for 2 split, meaning for each 2 shares of HBNC owned pre-split, the shareholder now owned 3 shares. For example, a 3000 share position pre-split, became a 4500 share position following the split. HBNC's third split took place on December 12, 2011. This was a 3 for 2 split, meaning for each 2 shares of HBNC owned pre-split, the shareholder now owned 3 shares. For example, a 4500 share position pre-split, became a 6750 share position following the split. HBNC's 4th split took place on November 13, 2012. This was a 3 for 2 split, meaning for each 2 shares of HBNC owned pre-split, the shareholder now owned 3 shares. For example, a 6750 share position pre-split, became a 10125 share position following the split. HBNC's 5th split took place on November 15, 2016. This was a 3 for 2 split, meaning for each 2 shares of HBNC owned pre-split, the shareholder now owned 3 shares. For example, a 10125 share position pre-split, became a 15187.5 share position following the split. HBNC's 6th split took place on June 18, 2018. This was a 3 for 2 split, meaning for each 2 shares of HBNC owned pre-split, the shareholder now owned 3 shares. For example, a 15187.5 share position pre-split, became a 22781.25 share position following the split.
When a company such as Horizon 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 HBNC split history from start to finish, an original position size of 1000 shares would have turned into 22781.25 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Horizon Bancorp shares, starting with a $10,000 purchase of HBNC, presented on a split-history-adjusted basis factoring in the complete HBNC split history.

Growth of $10,000.00
With Dividends Reinvested
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Start date: |
02/18/2015 |
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End date: |
02/14/2025 |
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Start price/share: |
$10.23 |
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End price/share: |
$17.20 |
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Starting shares: |
977.52 |
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Ending shares: |
1,354.20 |
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Dividends reinvested/share: |
$4.67 |
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Total return: |
132.92% |
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Average Annual Total Return: |
8.83% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$23,301.59 |
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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: |
02/18/2015 |
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End date: |
02/14/2025 |
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Start price/share: |
$10.23 |
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End price/share: |
$17.20 |
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Dividends collected/share: |
$4.67 |
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Total return: |
113.83% |
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Average Annual Total Return: |
7.90% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$21,385.72 |
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Years: |
10.00 |
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Date |
Ratio |
11/19/2001 | 3 for 1 | 11/18/2003 | 3 for 2 | 12/12/2011 | 3 for 2 | 11/13/2012 | 3 for 2 | 11/15/2016 | 3 for 2 | 06/18/2018 | 3 for 2 |
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