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 Video: What is a Stock Split?
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| Merchants Bancorp is a bank holding company. Through its subsidiaries, Co. operates in and services multiple lines of business, including agricultural lending, Small Business Administration (SBA) lending, and community banking. Co.'s business segments are defined as multi-family mortgage banking, which originates Federal Housing Authority loans that are sold as Government National Mortgage Association mortgage backed securities; mortgage warehousing, which provides asset-based financing in the form of warehouse facilities; and banking, which includes retail banking, commercial lending, agricultural lending, retail and correspondent residential mortgage banking, and SBA lending. According to our MBIN split history records, Merchants Bancorp (Indiana) has had 1 split. | |
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Merchants Bancorp (Indiana) (MBIN) has 1 split in our MBIN split history database. The split for MBIN took place on January 18, 2022. This was a 3 for 2 split, meaning for each 2 shares of MBIN 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 Merchants Bancorp (Indiana) 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 MBIN 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 Merchants Bancorp (Indiana) shares, starting with a $10,000 purchase of MBIN, presented on a split-history-adjusted basis factoring in the complete MBIN split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/30/2017 |
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| End date: |
03/24/2023 |
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| Start price/share: |
$11.40 |
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| End price/share: |
$27.08 |
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| Starting shares: |
877.19 |
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| Ending shares: |
939.01 |
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| Dividends reinvested/share: |
$1.19 |
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| Total return: |
154.28% |
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| Average Annual Total Return: |
18.87% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$25,432.57 |
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| Years: |
5.40 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/30/2017 |
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| End date: |
03/24/2023 |
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| Start price/share: |
$11.40 |
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| End price/share: |
$27.08 |
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| Dividends collected/share: |
$1.19 |
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| Total return: |
148.01% |
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| Average Annual Total Return: |
18.32% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$24,803.56 |
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| Years: |
5.40 |
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| Date |
Ratio |
| 01/18/2022 | 3 for 2 |
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