Bank of the Ozarks Set to Join the S&P MidCap 400; Hawaiian Holdings to be Added to the S&P SmallCap 600
Source: PR Newswire (US)
NEW YORK, May 26, 2015 /PRNewswire/ -- S&P SmallCap 600 constituent Bank of the Ozarks Inc. (NASD: OZRK) will replace Exelis Inc. (NYSE: XLS) in the S&P MidCap 400, and Hawaiian Holdings Inc. (NASD: HA) will replace Bank of the Ozarks in the S&P SmallCap 600 after the close of trading on Thursday, May 28. S&P 500 constituent Harris Corp. (NYSE: HRS) is acquiring Exelis in a deal expected to be completed before the opening of trading on Friday, May 29.
Bank of the Ozarks provides a range of retail and commercial banking services. Headquartered in Little Rock, AR, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Regional Banks Sub-Industry index.
Hawaiian Holdings engages in the scheduled air transportation of passengers and cargo. Headquartered in Honolulu, HI, the company will be added to the S&P SmallCap 600 GICS Airlines Sub-Industry index.
Following is a summary of the changes:
S&P MidCap 400 INDEX – May 28, 2015
COMPANY
GICS ECONOMIC SECTOR
GICS SUB-INDUSTRY
ADDED
Bank of the Ozarks
Financials
Regional Banks
DELETED
Exelis
Industrials
Aerospace & Defense
S&P SmallCap 600 INDEX – May 28, 2015
COMPANY
GICS ECONOMIC SECTOR
GICS SUB-INDUSTRY
ADDED
Hawaiian Holdings
Industrials
Airlines
DELETED
Bank of the Ozarks
Financials
Regional Banks
Additions to and deletions from S&P Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.
