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Home Federal Bancorp CFO sells $19,428 in company stock

Published 05/29/2024, 04:18 PM
HFBL
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Home Federal Bancorp, Inc. of Louisiana's (NASDAQ:HFBL) Chief Financial Officer, Glen W. Brown, recently sold a total of $19,428 worth of company stock. The transaction took place on May 24, 2024, and involved 1,727 shares of the savings institution's common stock at a price of $11.25 per share.

This sale by the executive has adjusted his direct holdings in the company, leaving him with 6,248 shares of Home Federal Bancorp's common stock. Additionally, Brown has indirect ownership through a 401(k) plan and an Employee Stock Ownership Plan (ESOP), with 1,351.4796 and 9,879.2768 shares respectively. These indirect holdings are part of pooled funds and vary in value over time.

It's worth noting that the reported transactions do not affect Brown's holdings in employee stock options, which remain at 4,000 shares for options with exercise prices of $11.86 and $11.50, as well as 14,000 shares for options with an exercise price of $9.46. These options have varying expiration dates, with the latest expiring in 2030.

The sale was made public through a Form 4 filing with the Securities and Exchange Commission, which provides transparency on the trades made by the company's insiders. It is a routine disclosure that gives investors insight into the actions of the company's executives and their confidence in the firm's prospects.

Investors often monitor insider transactions as they can provide indications of management's view on the company's current valuation and future performance. However, it's important to consider that trading decisions by executives can be influenced by a variety of factors, including personal financial planning and diversification strategies.

Home Federal Bancorp, Inc. of Louisiana, based in Shreveport, LA, operates as a federally chartered savings institution, providing financial services to its community. The company's stock is traded on the NASDAQ under the ticker symbol HFBL.

InvestingPro Insights

In light of the recent insider trading activity at Home Federal Bancorp, Inc. of Louisiana (NASDAQ:HFBL), let's consider some key financial metrics and insights that could help investors better understand the company's current position. According to InvestingPro data, Home Federal Bancorp's market capitalization stands at $34.67 million, with a price-to-earnings (P/E) ratio of 7.92, reflecting the earnings over the past twelve months as of Q3 2024. Despite a slight increase in the adjusted P/E ratio to 8.23 for the same period, it remains indicative of the company's earnings relative to its share price.

An interesting note for income-focused investors is that Home Federal Bancorp has raised its dividend for 9 consecutive years and has maintained dividend payments for 20 consecutive years, as per InvestingPro Tips. This demonstrates a commitment to returning value to shareholders, and with a current dividend yield of 4.44%, it remains an attractive aspect for those seeking steady income streams. Moreover, the company has been profitable over the last twelve months, which provides a solid foundation for its dividend sustainability.

However, it's important to also acknowledge areas of concern. Another InvestingPro Tip points out that the company suffers from weak gross profit margins. This could be a potential red flag for investors looking for companies with strong profitability metrics. With additional InvestingPro Tips available, interested investors can delve deeper into Home Federal Bancorp's financial health and future prospects by visiting https://www.investing.com/pro/HFBL. To enhance their research experience, users can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.

Investors tracking the company's performance will note that the price is currently at 68.12% of its 52-week high, with the stock closing previously at $11.01. The recent price movement may be of interest, especially in the context of the insider sale, and could merit closer examination in relation to the company's fair value estimate of $12.91 as suggested by InvestingPro.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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