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 Video: What is a Stock Split?
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| UMB Financial is a bank holding company. Through its subsidiaries, Co. provides banking services and asset servicing to its customers. Co.'s products and services are grouped into three segments: Commercial Banking, Institutional Banking, and Personal Banking. The Commercial Banking segment serves the commercial banking and treasury management needs of Co.'s small to mid-market businesses. The Institutional Banking segment is a combination of banking services, fund services, asset management services, and healthcare services provided to institutional clients. The Personal Banking segment combines consumer banking and wealth management services provided to clients. According to our UMBF split history records, UMB Financial has had 5 splits. | |
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UMB Financial (UMBF) has 5 splits in our UMBF split history database. The first split for UMBF took place on December 09, 1996. This was a 21 for 20
split, meaning for each 20
shares of UMBF owned pre-split, the shareholder now owned 21 shares. For example, a 1000 share position pre-split, became a 1050 share position following the split. UMBF's second split took place on December 09, 1997. This was a 21 for 20
split, meaning for each 20
shares of UMBF owned pre-split, the shareholder now owned 21 shares. For example, a 1050 share position pre-split, became a 1102.5 share position following the split. UMBF's third split took place on December 09, 1999. This was a 110 for 100
split, meaning for each 100
shares of UMBF owned pre-split, the shareholder now owned 110 shares. For example, a 1102.5 share position pre-split, became a 1212.75 share position following the split. UMBF's 4th split took place on December 10, 2001. This was a 105 for 100 split, meaning for each 100 shares of UMBF owned pre-split, the shareholder now owned 105 shares. For example, a 1212.75 share position pre-split, became a 1273.3875 share position following the split. UMBF's 5th split took place on May 31, 2006. This was a 2 for 1 split, meaning for each share of UMBF owned pre-split, the shareholder now owned 2 shares. For example, a 1273.3875 share position pre-split, became a 2546.775 share position following the split.
When a company such as UMB 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 UMBF split history from start to finish, an original position size of 1000 shares would have turned into 2546.775 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into UMB Financial shares, starting with a $10,000 purchase of UMBF, presented on a split-history-adjusted basis factoring in the complete UMBF split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
03/27/2013 |
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| End date: |
03/24/2023 |
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| Start price/share: |
$48.97 |
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| End price/share: |
$59.31 |
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| Starting shares: |
204.21 |
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| Ending shares: |
240.38 |
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| Dividends reinvested/share: |
$11.11 |
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| Total return: |
42.57% |
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| Average Annual Total Return: |
3.61% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$14,255.24 |
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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: |
03/27/2013 |
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| End date: |
03/24/2023 |
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| Start price/share: |
$48.97 |
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| End price/share: |
$59.31 |
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| Dividends collected/share: |
$11.11 |
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| Total return: |
43.81% |
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| Average Annual Total Return: |
3.70% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$14,379.52 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 12/09/1996 | 21 for 20
| | 12/09/1997 | 21 for 20
| | 12/09/1999 | 110 for 100
| | 12/10/2001 | 105 for 100 | | 05/31/2006 | 2 for 1 |
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