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 Video: What is a Stock Split?
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| HMN Financial, Inc. is a stock savings bank holding company. Co. is a holding company for Home Federal Savings Bank (the Bank). The Bank operates community banking and loan production offices in Minnesota, Iowa and Wisconsin. The Bank has two wholly owned subsidiaries, Osterud Insurance Agency, Inc. (OIA), which does business as Home Federal Investment Services and offers financial planning products and services, and HFSB Property Holdings, LLC (HPH) which is inactive. Its lending activities include general, single family residential real estate lending, commercial real estate and multi-family lending, construction lending, consumer lending and commercial business lending. According to our HMNF split history records, HMN Financial has had 1 split. | |
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HMN Financial (HMNF) has 1 split in our HMNF split history database. The split for HMNF took place on May 26, 1998. This was a 3 for 2
split, meaning for each 2
shares of HMNF 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 HMN Financial 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 HMNF 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 HMN Financial shares, starting with a $10,000 purchase of HMNF, presented on a split-history-adjusted basis factoring in the complete HMNF split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
01/22/2015 |
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| End date: |
10/09/2024 |
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| Start price/share: |
$12.71 |
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| End price/share: |
$27.99 |
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| Starting shares: |
786.78 |
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| Ending shares: |
817.25 |
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| Dividends reinvested/share: |
$0.82 |
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| Total return: |
128.75% |
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| Average Annual Total Return: |
8.89% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$22,879.28 |
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| Years: |
9.72 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
01/22/2015 |
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| End date: |
10/09/2024 |
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| Start price/share: |
$12.71 |
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| End price/share: |
$27.99 |
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| Dividends collected/share: |
$0.82 |
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| Total return: |
126.67% |
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| Average Annual Total Return: |
8.79% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$22,675.91 |
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| Years: |
9.72 |
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| Date |
Ratio |
| 05/26/1998 | 3 for 2
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