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 Video: What is a Stock Split?
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| Middlefield Banc is a bank holding company. Through its subsidiary, The Middlefield Banking Company (the Bank), Co. engages in a general commercial banking business in northeastern and central Ohio. The Bank provides customers a range of banking services including checking, savings, negotiable order of withdrawal accounts, money market accounts, time certificates of deposit, commercial loans, real estate loans, a variety of consumer loans, safe deposit facilities, and travelers' checks. The Bank provides online banking and bill payment services to individuals and online cash management services to business customers through its website at www.middlefieldbank.bank. According to our MBCN split history records, Middlefield Banc has had 5 splits. | |
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Middlefield Banc (MBCN) has 5 splits in our MBCN split history database. The first split for MBCN took place on December 01, 2003. This was a 105 for 100 split, meaning for each 100 shares of MBCN owned pre-split, the shareholder now owned 105 shares. For example, a 1000 share position pre-split, became a 1050 share position following the split. MBCN's second split took place on November 29, 2004. This was a 105 for 100 split, meaning for each 100 shares of MBCN owned pre-split, the shareholder now owned 105 shares. For example, a 1050 share position pre-split, became a 1102.5 share position following the split. MBCN's third split took place on November 29, 2006. This was a 105 for 100 split, meaning for each 100 shares of MBCN owned pre-split, the shareholder now owned 105 shares. For example, a 1102.5 share position pre-split, became a 1157.625 share position following the split. MBCN's 4th split took place on November 29, 2007. This was a 105 for 100 split, meaning for each 100 shares of MBCN owned pre-split, the shareholder now owned 105 shares. For example, a 1157.625 share position pre-split, became a 1215.50625 share position following the split. MBCN's 5th split took place on November 12, 2019. This was a 2 for 1 split, meaning for each share of MBCN owned pre-split, the shareholder now owned 2 shares. For example, a 1215.50625 share position pre-split, became a 2431.0125 share position following the split.
When a company such as Middlefield Banc 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 MBCN split history from start to finish, an original position size of 1000 shares would have turned into 2431.0125 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Middlefield Banc shares, starting with a $10,000 purchase of MBCN, presented on a split-history-adjusted basis factoring in the complete MBCN 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: |
$16.63 |
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| End price/share: |
$28.20 |
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| Starting shares: |
601.32 |
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| Ending shares: |
802.75 |
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| Dividends reinvested/share: |
$6.45 |
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| Total return: |
126.38% |
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| Average Annual Total Return: |
8.51% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$22,635.75 |
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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: |
$16.63 |
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| End price/share: |
$28.20 |
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| Dividends collected/share: |
$6.45 |
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| Total return: |
108.36% |
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| Average Annual Total Return: |
7.61% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$20,826.37 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 12/01/2003 | 105 for 100 | | 11/29/2004 | 105 for 100 | | 11/29/2006 | 105 for 100 | | 11/29/2007 | 105 for 100 | | 11/12/2019 | 2 for 1 |
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