Conway-based bank holding company Home BancShares Inc., parent company of Centennial Bank, announced Wednesday (May 31) that it will be added to the S&P MidCap 400 effective prior to the opening of the market on Friday (June 2). With the addition, Home BancShares will be removed from the S&P SmallCap 600.
The S&P U.S. indices are designed to reflect the U.S. equity markets and, through the markets, the U.S. economy. The S&P MidCap 400 provides investors with a benchmark for mid-sized companies. The index measures the performance of mid-sized companies, reflecting the distinctive risk and return characteristics of this market segment. Index constituents are classified according to the Global Industry Classification Standard (GICS).
Home BancShares will be added to the S&P MidCap 400 GICS Regional Banks Sub-Industry index.
Centennial Bank has branch locations in Arkansas, Florida, South Alabama and New York City.
Shares of Home BancShares (NASDAQ: HOMB) closed Wednesday at $23.41. In the past 52 weeks, the stock has traded between $29.69 and $18.32.