Split History
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Mercantile Bank (MBWM) has 6 splits in our MBWM split history database. The first split for MBWM took place on January 17, 2001. This was a 105 for 100 split, meaning for each 100 shares of MBWM 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. MBWM's second split took place on January 16, 2002. This was a 105 for 100 split, meaning for each 100 shares of MBWM 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. MBWM's third split took place on January 15, 2003. This was a 105 for 100 split, meaning for each 100 shares of MBWM owned pre-split, the shareholder now owned 105 shares. For example, a 1102.5 share position pre-split, became a 1157.625 share position following the split. MBWM's 4th split took place on April 14, 2004. This was a 105 for 100 split, meaning for each 100 shares of MBWM owned pre-split, the shareholder now owned 105 shares. For example, a 1157.625 share position pre-split, became a 1215.50625 share position following the split. MBWM's 5th split took place on July 14, 2005. This was a 105 for 100 split, meaning for each 100 shares of MBWM owned pre-split, the shareholder now owned 105 shares. For example, a 1215.50625 share position pre-split, became a 1276.2815625 share position following the split. MBWM's 6th split took place on April 19, 2007. This was a 105 for 100 split, meaning for each 100 shares of MBWM owned pre-split, the shareholder now owned 105 shares. For example, a 1276.2815625 share position pre-split, became a 1340.095640625 share position following the split.
When a company such as Mercantile Bank 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 MBWM split history from start to finish, an original position size of 1000 shares would have turned into 1340.095640625 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Mercantile Bank shares, starting with a $10,000 purchase of MBWM, presented on a split-history-adjusted basis factoring in the complete MBWM split history.
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Growth of $10,000.00 With Dividends Reinvested |
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| Start date: | 04/29/2014 | ||
| End date: | 04/25/2024 | ||
| Start price/share: | $19.44 | ||
| End price/share: | $36.49 | ||
| Starting shares: | 514.40 | ||
| Ending shares: | 810.66 | ||
| Dividends reinvested/share: | $12.83 | ||
| Total return: | 195.81% | ||
| Average Annual Total Return: | 11.46% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $29,584.30 | ||
| Years: | 10.00 | ||
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Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 04/29/2014 | ||
| End date: | 04/25/2024 | ||
| Start price/share: | $19.44 | ||
| End price/share: | $36.49 | ||
| Dividends collected/share: | $12.83 | ||
| Total return: | 153.70% | ||
| Average Annual Total Return: | 9.76% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $25,370.57 | ||
| Years: | 10.00 | ||
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| About Mercantile Bank |
| Mercantile Bank is a bank holding company. Through Co.'s subsidiary, Mercantile Bank of Michigan (Co.'s bank), Co. provides commercial banking services primarily to small- to medium-sized businesses and retail banking services. Co.'s operations are centered around the West and Central portions of Michigan. Co.'s bank makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. Co.'s commercial lending group originates commercial loans primarily in its market areas. In addition, Co. originates single-family residential real estate loans in its market areas, generally according to secondary market underwriting standards. According to our MBWM split history records, Mercantile Bank has had 6 splits. |
| MBWM Split History Table | |
| Date | Ratio |
| 01/17/2001 | 105 for 100 |
| 01/16/2002 | 105 for 100 |
| 01/15/2003 | 105 for 100 |
| 04/14/2004 | 105 for 100 |
| 07/14/2005 | 105 for 100 |
| 04/19/2007 | 105 for 100 |
| Financials Stock Splits |
| MBWM is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:
MC Split History Also explore: MBWM shares outstanding history
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