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 Video: What is a Stock Split?
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| Lakeland Financial is a bank holding company. Through its subsidiary, Lake City Bank, Co. provides various financial products and services throughout its Northern and Central Indiana markets. Co. provides commercial, retail, trust and investment services to its customers. Commercial products include commercial loans and solutions to meet commercial customers' treasury management needs such as internet business banking and on-line treasury management services. Retail banking clients are provided various retail banking services, including lending, deposit and investment services. Retail lending programs are focused on mortgage loans, home equity lines of credit and retail installment loans. According to our LKFN split history records, Lakeland Financial has had 3 splits. | |
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Lakeland Financial (LKFN) has 3 splits in our LKFN split history database. The first split for LKFN took place on May 18, 1998. This was a 2 for 1
split, meaning for each share of LKFN owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. LKFN's second split took place on May 01, 2006. This was a 2 for 1 split, meaning for each share of LKFN owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. LKFN's third split took place on August 08, 2016. This was a 3 for 2 split, meaning for each 2 shares of LKFN owned pre-split, the shareholder now owned 3 shares. For example, a 4000 share position pre-split, became a 6000 share position following the split.
When a company such as Lakeland 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 LKFN split history from start to finish, an original position size of 1000 shares would have turned into 6000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Lakeland Financial shares, starting with a $10,000 purchase of LKFN, presented on a split-history-adjusted basis factoring in the complete LKFN split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/10/2014 |
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| End date: |
10/08/2024 |
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| Start price/share: |
$24.97 |
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| End price/share: |
$62.42 |
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| Starting shares: |
400.48 |
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| Ending shares: |
509.22 |
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| Dividends reinvested/share: |
$11.95 |
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| Total return: |
217.86% |
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| Average Annual Total Return: |
12.26% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$31,797.13 |
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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: |
10/10/2014 |
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| End date: |
10/08/2024 |
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| Start price/share: |
$24.97 |
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| End price/share: |
$62.42 |
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| Dividends collected/share: |
$11.95 |
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| Total return: |
197.82% |
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| Average Annual Total Return: |
11.53% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$29,788.38 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 05/18/1998 | 2 for 1
| | 05/01/2006 | 2 for 1 | | 08/08/2016 | 3 for 2 |
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