Basswood Capital Management L.L.C. Invests $605,000 in Hills Bancorporation $HBIA

Basswood Capital Management L.L.C. bought a new position in Hills Bancorporation (OTCMKTS:HBIA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 21,325 shares of the company’s stock, valued at approximately $605,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HBIA. Bontempo Ohly Capital Mgmt LLC bought a new stake in Hills Bancorporation during the second quarter worth approximately $254,000. Jupiter Topco LLC bought a new position in shares of Hills Bancorporation in the second quarter valued at $397,000. Hsbc Holdings PLC bought a new position in shares of Hills Bancorporation in the second quarter valued at $1,204,000. Ategra Capital Management LLC acquired a new stake in shares of Hills Bancorporation during the 2nd quarter valued at $1,998,000. Finally, Legal & General Group Plc bought a new stake in shares of Hills Bancorporation during the 2nd quarter worth $2,027,000. 0.32% of the stock is owned by institutional investors and hedge funds.

Hills Bancorporation Price Performance

HBIA opened at $47.00 on Thursday. The business has a fifty day simple moving average of $47.24 and a 200-day simple moving average of $72.09. Hills Bancorporation has a fifty-two week low of $37.50 and a fifty-two week high of $49.74.

About Hills Bancorporation

Hills Bancorporation, Inc is a bank holding company trading on the OTC Markets under the ticker HBIA. The company operates through its wholly owned subsidiary, Hills Bank & Trust Company, which provides a broad suite of financial services to consumers and businesses in eastern Iowa.

Through Hills Bank & Trust, the company offers deposit products such as checking and savings accounts, certificates of deposit and money market accounts, as well as lending solutions that include residential and commercial mortgages, construction loans and lines of credit.