Hills Bancorporation (OTCMKTS:HBIA) Trading 0.4% Higher – Should You Buy?

Shares of Hills Bancorporation (OTCMKTS:HBIA) were up 0.4% during mid-day trading on Monday . The stock traded as high as $47.00 and last traded at $47.00. 300 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 1,336 shares. The stock had previously closed at $46.80.

Hills Bancorporation Trading Up 0.4%

The stock has a 50-day moving average of $48.33 and a 200 day moving average of $72.55.

Institutional Investors Weigh In On Hills Bancorporation

Several large investors have recently made changes to their positions in the business. Quantbot Technologies LP purchased a new position in shares of Hills Bancorporation in the 2nd quarter worth about $103,000. The Manufacturers Life Insurance Company bought a new stake in Hills Bancorporation in the second quarter worth about $214,000. Bontempo Ohly Capital Mgmt LLC bought a new stake in Hills Bancorporation in the second quarter worth about $254,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Hills Bancorporation in the second quarter valued at about $302,000. Finally, EP Wealth Advisors LLC purchased a new position in Hills Bancorporation in the second quarter valued at about $373,000. 0.32% of the stock is owned by hedge funds and other institutional investors.

Hills Bancorporation Company Profile

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.