Centennial Bank receives Raymond James Community Bank Cup honor

by The City Wire staff ([email protected]) 134 views 

Home Bancshares, parent company of Centennial Bank, is among the top community banks to comprise the 2013 Raymond James Community Bankers Cup Winners, announced Thursday (Feb. 27).

There were 302 publicly traded community banks with assets between $500 million and $10 billion evaluated for this award given to 30 banks. The award recognizes the top 10% of community banks based on various profitability, operational efficiency and balance sheet metrics. 

Home Bancshares stock posted a stellar 126.2% return last year, good enough to snag the No. 3 spot in that metric. The bank stock placed second in three-year return at 239.1%. In the five-year return metric the bank placed fifth at 204.9%, out performing the major market indexes.

"It is an honor for Home Bancshares to be included with the best of the best of community banks," said Randy Sims, CEO.  "Achieving an honor like this is a tribute to the dedication, determination and success of our very talented team of bankers and board of directors."

Shares of Home Bancshares (NASDAQ:HOMB) closed Thursday at $33.87, down 8 cents. For the past 52 weeks the share price has ranged from $16.68 to $38.98.  Analysts with Wunderlich Securities recently upgraded the shares from neutral to buy.