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

Basswood Capital Management L.L.C. purchased a new stake in shares of Hills Bancorporation (OTCMKTS:HBIA) during the second quarter, Holdings Channel.com reports. The firm purchased 21,325 shares of the company’s stock, valued at approximately $605,000.

Several other hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new position in Hills Bancorporation in the 2nd quarter worth approximately $119,127,000. Deutsche Bank AG purchased a new stake in shares of Hills Bancorporation in the second quarter valued at $3,874,000. Legal & General Group Plc acquired a new stake in shares of Hills Bancorporation in the second quarter worth $2,027,000. Ategra Capital Management LLC purchased a new position in shares of Hills Bancorporation during the second quarter valued at $1,998,000. Finally, Hsbc Holdings PLC acquired a new position in Hills Bancorporation during the second quarter valued at $1,204,000. Hedge funds and other institutional investors own 0.32% of the company’s stock.

Hills Bancorporation Price Performance

Shares of Hills Bancorporation stock opened at $47.00 on Thursday. Hills Bancorporation has a 1 year low of $37.50 and a 1 year high of $49.74. The stock has a 50-day moving average price of $47.24 and a 200 day moving average price of $72.09.

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.