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 Video: What is a Stock Split?
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| Heartland Financial USA is a multi-bank holding company. Co. conducts a community banking business via various community banks (collectively, the Banks). The principal business of Co.'s Banks consists of making loans to and accepting deposits from businesses and consumers. Co.'s lending and investment activities are funded primarily by primary deposits. Deposit products include checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts and other time deposits. Loan products include commercial and industrial, commercial real estate, small business, agricultural, real estate mortgage and consumer. According to our HTLF split history records, Heartland Financial USA has had 1 split. | |
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Heartland Financial USA (HTLF) has 1 split in our HTLF split history database. The split for HTLF took place on December 30, 2003. This was a 3 for 2 split, meaning for each 2 shares of HTLF 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 Heartland Financial USA 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 HTLF 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 Heartland Financial USA shares, starting with a $10,000 purchase of HTLF, presented on a split-history-adjusted basis factoring in the complete HTLF split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/03/2013 |
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| End date: |
12/01/2023 |
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| Start price/share: |
$29.07 |
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| End price/share: |
$32.63 |
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| Starting shares: |
344.00 |
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| Ending shares: |
412.65 |
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| Dividends reinvested/share: |
$7.18 |
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| Total return: |
34.65% |
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| Average Annual Total Return: |
3.02% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$13,465.28 |
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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: |
12/03/2013 |
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| End date: |
12/01/2023 |
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| Start price/share: |
$29.07 |
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| End price/share: |
$32.63 |
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| Dividends collected/share: |
$7.18 |
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| Total return: |
36.95% |
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| Average Annual Total Return: |
3.19% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$13,689.14 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 12/30/2003 | 3 for 2 |
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