Home Federal Bancorp, Inc. of Louisiana (NASDAQ:HFBL) has reported that its Senior Vice President and Chief Financial Officer, Glen W. Brown, sold a total of $37,608 worth of company stock. The transactions, which took place on May 22 and May 23, 2024, involved the sale of shares at a consistent price of $11.25 per share.
On the first day, Brown sold 2,900 shares, followed by an additional 443 shares the next day. Following these transactions, the CFO still owned 7,975 shares directly. The report also noted that Brown has indirect ownership through a 401(k) plan and an Employee Stock Ownership Plan (ESOP), with 1,344.1192 and 9,879.2768 shares respectively.
The recent filings also disclosed holdings in employee stock options, which are rights to buy shares at predetermined prices. Brown holds options to buy 4,000 shares at $11.86 each, another 4,000 shares at $11.50 each, and 14,000 shares at $9.46 each. These options have varying vesting schedules and expiration dates, with some already fully vested and others vesting over time.
Investors often monitor insider transactions like these for insights into executives' perspectives on the company's stock value and financial health. The sale by a high-ranking financial officer such as a CFO could be of particular interest due to their in-depth understanding of the company's financial position.
InvestingPro Insights
Home Federal Bancorp, Inc. (NASDAQ:HFBL) has recently made headlines with insider transactions, but what does the financial data say about the company's current standing? According to InvestingPro Data, HFBL has a market capitalization of $33.92 million and a P/E ratio of 8.08, which suggests the stock is potentially undervalued when compared to the broader market. The company's P/E ratio has remained stable over the last twelve months as of Q3 2024, with a slight adjustment to 8.05.
While the company's revenue growth has seen a decline of -2.24% over the last twelve months as of Q3 2024, it is important to note that HFBL has maintained dividend payments for 20 consecutive years, with a current dividend yield of 4.44%. This consistent return to shareholders is a significant aspect to consider, especially for income-focused investors.
Two key InvestingPro Tips for HFBL highlight both strengths and areas of concern. The first tip notes that HFBL has raised its dividend for 9 consecutive years, indicating a commitment to returning value to shareholders. The second tip points out that the company suffers from weak gross profit margins, which could be a red flag for those concerned about operational efficiency.
For investors seeking a deeper dive into HFBL's financials and additional insights, there are more InvestingPro Tips available at https://www.investing.com/pro/HFBL. By using the coupon code PRONEWS24, users can get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking further valuable information that could inform investment decisions.
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