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 Video: What is a Stock Split?
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| Southern Missouri Bancorp, Inc. is a bank holding company and the parent company of Southern Bank (Bank). The Bank is primarily engaged in providing a full range of banking and financial services to individuals and corporate customers in its market areas. The principal business of the Bank consists of attracting retail deposits from the general public and using such deposits along with wholesale funding from the Federal Home Loan Bank of Des Moines, (FHLB), and brokered deposits, to invest in one- to four-family residential mortgage loans, mortgage loans secured by commercial real estate, commercial non-mortgage business loans, construction loans, and consumer loans. According to our SMBC split history records, Southern Missouri Bancorp has had 2 splits. | |
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Southern Missouri Bancorp (SMBC) has 2 splits in our SMBC split history database. The first split for SMBC took place on October 29, 2003. This was a 2 for 1 split, meaning for each share of SMBC 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. SMBC's second split took place on February 02, 2015. This was a 2 for 1 split, meaning for each share of SMBC 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.
When a company such as Southern Missouri Bancorp 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 SMBC split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Southern Missouri Bancorp shares, starting with a $10,000 purchase of SMBC, presented on a split-history-adjusted basis factoring in the complete SMBC split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
05/01/2015 |
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| End date: |
04/29/2025 |
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| Start price/share: |
$19.12 |
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| End price/share: |
$53.33 |
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| Starting shares: |
523.01 |
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| Ending shares: |
618.72 |
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| Dividends reinvested/share: |
$6.20 |
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| Total return: |
229.96% |
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| Average Annual Total Return: |
12.68% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$33,007.33 |
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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: |
05/01/2015 |
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| End date: |
04/29/2025 |
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| Start price/share: |
$19.12 |
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| End price/share: |
$53.33 |
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| Dividends collected/share: |
$6.20 |
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| Total return: |
211.32% |
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| Average Annual Total Return: |
12.02% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$31,123.67 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 10/29/2003 | 2 for 1 | | 02/02/2015 | 2 for 1 |
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