Split History
MCBC split history picture
Macatawa Bank (MCBC) has 8 splits in our MCBC split history database. The first split for MCBC took place on April 19, 2001. This was a 103 for 100 split, meaning for each 100 shares of MCBC owned pre-split, the shareholder now owned 103 shares. For example, a 1000 share position pre-split, became a 1030 share position following the split. MCBC's second split took place on April 25, 2002. This was a 104 for 100 split, meaning for each 100 shares of MCBC owned pre-split, the shareholder now owned 104 shares. For example, a 1030 share position pre-split, became a 1071.2 share position following the split. MCBC's third split took place on May 12, 2003. This was a 105 for 100 split, meaning for each 100 shares of MCBC owned pre-split, the shareholder now owned 105 shares. For example, a 1071.2 share position pre-split, became a 1124.76 share position following the split. MCBC's 4th split took place on May 10, 2004. This was a 105 for 100 split, meaning for each 100 shares of MCBC owned pre-split, the shareholder now owned 105 shares. For example, a 1124.76 share position pre-split, became a 1180.998 share position following the split. MCBC's 5th split took place on May 09, 2005. This was a 115 for 100 split, meaning for each 100 shares of MCBC owned pre-split, the shareholder now owned 115 shares. For example, a 1180.998 share position pre-split, became a 1358.1477 share position following the split. MCBC's 6th split took place on May 10, 2006. This was a 105 for 100 split, meaning for each 100 shares of MCBC owned pre-split, the shareholder now owned 105 shares. For example, a 1358.1477 share position pre-split, became a 1426.055085 share position following the split. MCBC's 7th split took place on June 30, 2006. This was a 3 for 2 split, meaning for each 2 shares of MCBC owned pre-split, the shareholder now owned 3 shares. For example, a 1426.055085 share position pre-split, became a 2139.0826275 share position following the split. MCBC's 8th split took place on May 09, 2007. This was a 105 for 100 split, meaning for each 100 shares of MCBC owned pre-split, the shareholder now owned 105 shares. For example, a 2139.0826275 share position pre-split, became a 2246.036758875 share position following the split.

When a company such as Macatawa 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 MCBC split history from start to finish, an original position size of 1000 shares would have turned into 2246.036758875 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Macatawa Bank shares, starting with a $10,000 purchase of MCBC, presented on a split-history-adjusted basis factoring in the complete MCBC split history. MCBC split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 02/04/2013
End date: 01/31/2023
Start price/share: $4.31
End price/share: $11.02
Starting shares: 2,320.19
Ending shares: 2,924.48
Dividends reinvested/share: $1.98
Total return: 222.28%
Average Annual Total Return: 12.42%
Starting investment: $10,000.00
Ending investment: $32,222.35
Years: 9.99
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 02/04/2013
End date: 01/31/2023
Start price/share: $4.31
End price/share: $11.02
Dividends collected/share: $1.98
Total return: 201.62%
Average Annual Total Return: 11.68%
Starting investment: $10,000.00
Ending investment: $30,164.16
Years: 9.99
Macatawa Bank is a bank holding company. Through its subsidiary, Macatawa Bank, Co. provides a range of commercial and consumer banking and trust services in Kent County, Ottawa County, and northern Allegan County, MI. Co. provides a range of deposit services, including checking accounts, savings accounts and time deposits of various types. Co.'s trust services include personal trust and retirement plan services. Co.'s personal trust services include financial planning, investment management services, trust and estate administration and custodial services. Co.'s retirement plan services encompass all types of qualified retirement plans, including profit sharing, 401(k) and pension plans. According to our MCBC split history records, Macatawa Bank has had 8 splits.
Date Ratio
04/19/2001103 for 100
04/25/2002104 for 100
05/12/2003105 for 100
05/10/2004105 for 100
05/09/2005115 for 100
05/10/2006105 for 100
06/30/20063 for 2
05/09/2007105 for 100
MCBC is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:

MCBI Split History
MCBK Split History
MCC Split History
MCI Split History
MCN Split History
MCY Split History
MDLY Split History
MDYG Split History
MDYV Split History
MET Split History

Also explore: MCBC shares outstanding history

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