Home BancShares Inc. of Conway, parent company of Centennial Bank, announced Wednesday that it will be added to the S&P MidCap 400 and removed from the S&P SmallCap 600 before the market opens on Friday.
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, and Home BancShares will be added to the S&P MidCap 400 GICS Regional Banks Sub-Industry index.