Hold 3/11/2016Downgrade
Hills Bancorp (HBIA) was downgraded to C from B on 3/11/2016 due to a decline in the growth index and solvency index. Operating cash flow declined 34.89% from $10M to $6.51M, debt to equity increased from 0.79 to 0.99, and earnings per share declined from $0.82 to $0.6283.

Buy 1/12/2016Downgrade
Hills Bancorp (HBIA) was downgraded to B from B+ on 1/12/2016 due to a decline in the volatility index and valuation index.

Buy 12/28/2015Upgraded
Hills Bancorp (HBIA) was upgraded to B+ from B on 12/28/2015 due to an increase in the volatility index, total return index and solvency index. Debt to equity declined from 0.88 to 0.79.

Buy 8/7/2015Downgrade
Hills Bancorp (HBIA) was downgraded to B from B+ on 8/7/2015 due to a decline in the dividend index, growth index and solvency index. Debt to equity increased from 0.72 to 0.87.

Buy 5/21/2015Upgraded
Hills Bancorp (HBIA) was upgraded to B+ from B on 5/21/2015 due to a noticeable increase in the growth index, dividend index and volatility index. Earnings per share increased from $0.5492 to $0.7882, operating cash flow increased 28.03% from $5.93M to $7.59M, and total revenue increased 11.38% from $21.22M to $23.63M.