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 Video: What is a Stock Split?
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| Southside Bancshares, Inc. is a bank holding company for Southside Bank. Co. operates through approximately 55 branches, 13 of which are located in grocery stores, in addition to wealth management and trust services, and/or loan production, brokerage or other financial services offices. It is a community-focused financial institution that offers a full range of financial services to individuals, businesses, municipal entities and nonprofit organizations in the communities that it serves. Its consumer loan services include 1-4 family residential loans, home equity loans, home improvement loans, automobile loans and other consumer related loans. According to our SBSI split history records, Southside Bancshares has had 18 splits. | |
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Southside Bancshares (SBSI) has 18 splits in our SBSI split history database. The first split for SBSI took place on September 10, 1998. This was a 105 for 100
split, meaning for each 100
shares of SBSI 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. SBSI's second split took place on September 10, 1999. This was a 105 for 100
split, meaning for each 100
shares of SBSI 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. SBSI's third split took place on May 22, 2000. This was a 2 for 1
split, meaning for each share of SBSI owned pre-split, the shareholder now owned 2 shares. For example, a 1102.5 share position pre-split, became a 2205 share position following the split. SBSI's 4th split took place on November 16, 2000. This was a 105 for 100 split, meaning for each 100 shares of SBSI owned pre-split, the shareholder now owned 105 shares. For example, a 2205 share position pre-split, became a 2315.25 share position following the split. SBSI's 5th split took place on August 30, 2002. This was a 105 for 100 split, meaning for each 100 shares of SBSI owned pre-split, the shareholder now owned 105 shares. For example, a 2315.25 share position pre-split, became a 2431.0125 share position following the split. SBSI's 6th split took place on September 02, 2003. This was a 105 for 100 split, meaning for each 100 shares of SBSI owned pre-split, the shareholder now owned 105 shares. For example, a 2431.0125 share position pre-split, became a 2552.563125 share position following the split. SBSI's 7th split took place on August 31, 2004. This was a 105 for 100 split, meaning for each 100 shares of SBSI owned pre-split, the shareholder now owned 105 shares. For example, a 2552.563125 share position pre-split, became a 2680.19128125 share position following the split. SBSI's 8th split took place on March 04, 2005. This was a 105 for 100 split, meaning for each 100 shares of SBSI owned pre-split, the shareholder now owned 105 shares. For example, a 2680.19128125 share position pre-split, became a 2814.2008453125 share position following the split. SBSI's 9th split took place on March 07, 2006. This was a 105 for 100 split, meaning for each 100 shares of SBSI owned pre-split, the shareholder now owned 105 shares. For example, a 2814.2008453125 share position pre-split, became a 2954.91088757813 share position following the split. SBSI's 10th split took place on May 07, 2007. This was a 105 for 100 split, meaning for each 100 shares of SBSI owned pre-split, the shareholder now owned 105 shares. For example, a 2954.91088757813 share position pre-split, became a 3102.65643195703 share position following the split. SBSI's 11th split took place on April 24, 2009. This was a 105 for 100 split, meaning for each 100 shares of SBSI owned pre-split, the shareholder now owned 105 shares. For example, a 3102.65643195703 share position pre-split, became a 3257.78925355488 share position following the split. SBSI's 12th split took place on April 07, 2010. SBSI's 13th split took place on April 06, 2010. This was a 21 for 20 split, meaning for each 20 shares of SBSI owned pre-split, the shareholder now owned 21 shares. For example, a 3257.78925355488 share position pre-split, became a 3420.67871623263 share position following the split. SBSI's 14th split took place on April 16, 2012. This was a 21 for 20 split, meaning for each 20 shares of SBSI owned pre-split, the shareholder now owned 21 shares. For example, a 3420.67871623263 share position pre-split, became a 3591.71265204426 share position following the split. SBSI's 15th split took place on April 16, 2013. This was a 21 for 20 split, meaning for each 20 shares of SBSI owned pre-split, the shareholder now owned 21 shares. For example, a 3591.71265204426 share position pre-split, became a 3771.29828464647 share position following the split. SBSI's 16th split took place on April 08, 2014. This was a 105 for 100 split, meaning for each 100 shares of SBSI owned pre-split, the shareholder now owned 105 shares. For example, a 3771.29828464647 share position pre-split, became a 3959.8631988788 share position following the split. SBSI's 17th split took place on April 23, 2015. This was a 105 for 100 split, meaning for each 100 shares of SBSI owned pre-split, the shareholder now owned 105 shares. For example, a 3959.8631988788 share position pre-split, became a 4157.85635882274 share position following the split. SBSI's 18th split took place on May 25, 2017. This was a 1024 for 1000 split, meaning for each 1000 shares of SBSI owned pre-split, the shareholder now owned 1024 shares. For example, a 4157.85635882274 share position pre-split, became a 4257.64491143448 share position following the split.
When a company such as Southside Bancshares 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 SBSI split history from start to finish, an original position size of 1000 shares would have turned into 4257.64491143448 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Southside Bancshares shares, starting with a $10,000 purchase of SBSI, presented on a split-history-adjusted basis factoring in the complete SBSI split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/16/2014 |
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| End date: |
12/13/2024 |
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| Start price/share: |
$26.86 |
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| End price/share: |
$35.16 |
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| Starting shares: |
372.30 |
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| Ending shares: |
543.56 |
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| Dividends reinvested/share: |
$12.44 |
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| Total return: |
91.12% |
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| Average Annual Total Return: |
6.69% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$19,108.96 |
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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: |
12/16/2014 |
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| End date: |
12/13/2024 |
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| Start price/share: |
$26.86 |
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| End price/share: |
$35.16 |
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| Dividends collected/share: |
$12.44 |
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| Total return: |
77.21% |
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| Average Annual Total Return: |
5.89% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$17,723.50 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 09/10/1998 | 105 for 100
| | 09/10/1999 | 105 for 100
| | 05/22/2000 | 2 for 1
| | 11/16/2000 | 105 for 100 | | 08/30/2002 | 105 for 100 | | 09/02/2003 | 105 for 100 | | 08/31/2004 | 105 for 100 | | 03/04/2005 | 105 for 100 | | 03/07/2006 | 105 for 100 | | 05/07/2007 | 105 for 100 | | 04/24/2009 | 105 for 100 | | 04/07/2010 | 1 for 1 | | 04/06/2010 | 21 for 20 | | 04/16/2012 | 21 for 20 | | 04/16/2013 | 21 for 20 | | 04/08/2014 | 105 for 100 | | 04/23/2015 | 105 for 100 | | 05/25/2017 | 1024 for 1000 |
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