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 Video: What is a Stock Split?
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| Wolverine Bancorp is a savings and loan holding company. Through its subsidiary, Co.'s business consists of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in commercial real estate loans, one- to four-family residential mortgage loans, construction loans, home equity loans and lines of credit, commercial non-mortgage loans, and consumer loans. Co.'s deposit accounts include statement savings accounts, certificates of deposit, money market accounts, commercial and consumer checking accounts and retirement accounts. At Dec 31 2016, Co. had total assets of $434.4 million and total deposits of $280.5 million. According to our WBKC split history records, WBKC has had 2 splits. | |
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WBKC (WBKC) has 2 splits in our WBKC split history database. The first split for WBKC took place on January 10, 2003. This was a 105 for 100 split, meaning for each 100 shares of WBKC 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. WBKC's second split took place on May 10, 2004. This was a 105 for 100 split, meaning for each 100 shares of WBKC 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.
When a company such as WBKC 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 WBKC split history from start to finish, an original position size of 1000 shares would have turned into 1102.5 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into WBKC shares, starting with a $10,000 purchase of WBKC, presented on a split-history-adjusted basis factoring in the complete WBKC split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/09/2014 |
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| End date: |
10/17/2017 |
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| Start price/share: |
$23.17 |
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| End price/share: |
$43.50 |
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| Starting shares: |
431.59 |
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| Ending shares: |
492.33 |
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| Dividends reinvested/share: |
$4.00 |
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| Total return: |
114.16% |
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| Average Annual Total Return: |
28.63% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$21,415.24 |
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| Years: |
3.02 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/09/2014 |
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| End date: |
10/17/2017 |
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| Start price/share: |
$23.17 |
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| End price/share: |
$43.50 |
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| Dividends collected/share: |
$4.00 |
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| Total return: |
105.01% |
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| Average Annual Total Return: |
26.79% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$20,502.03 |
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| Years: |
3.02 |
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| Date |
Ratio |
| 01/10/2003 | 105 for 100 | | 05/10/2004 | 105 for 100 |
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