Shreveport, LA – Home Federal Bancorp, Inc. of Louisiana (NASDAQ:HFBL), a federally chartered savings institution, has reported a recent transaction involving Glen W. Brown, the company’s Senior Vice President and Chief Financial Officer. According to the latest filing, Brown sold a total of 893 shares of common stock on May 16, 2024, at a price of $11.25 per share, amounting to over $10,000 in total.
The transaction has adjusted Brown's direct holdings in the company to 11,318 shares. Additionally, 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. It's worth noting that the 401(k) plan units are based on a per-unit price of $25.94 as of May 10, 2024.
Furthermore, Brown holds employee stock options (right to buy) for 14,000 shares at an exercise price of $9.46, which were fully vested and exercisable as of July 31, 2019. Another set of options for 4,000 shares, with an exercise price of $11.86, are vesting at a rate of 20% per year since November 11, 2021. An additional 4,000 options at an exercise price of $11.50 were fully vested and exercisable as of October 26, 2020.
Investors often monitor the buying and selling activities of a company's executives as it can provide insights into their perspective on the company’s current valuation and future prospects. The sales and holdings of executives can be found in the public filings with the Securities and Exchange Commission.
The reported transaction was signed by proxy, with Dawn F. William signing on behalf of Glen W. Brown on May 20, 2024.
InvestingPro Insights
Home Federal Bancorp, Inc. of Louisiana (NASDAQ:HFBL) has been navigating through a challenging financial landscape as reflected in its recent stock performance and financial metrics. The company's market capitalization stands at a modest $33.92 million, and it has been working to maintain investor confidence through consistent dividend payments. According to InvestingPro Data, HFBL's dividend yield as of April 2024 is 4.44%, which is attractive to investors seeking income. This comes in the wake of a 1-year price total return of -29.17%, signaling a significant retreat from its 52-week high.
Despite the negative price momentum, InvestingPro Tips highlight HFBL's commitment to shareholder returns, having raised its dividend for 9 consecutive years and maintained dividend payments for 20 consecutive years. This is a testament to the company's dedication to providing consistent returns to its shareholders, which may be a silver lining for investors amidst the stock's recent price declines. Furthermore, HFBL has remained profitable over the last twelve months, with an operating income margin of 26.27%, which is a strong indicator of its operational efficiency.
Investors interested in a deeper analysis of Home Federal Bancorp's financials and stock performance can find additional InvestingPro Tips on their dedicated InvestingPro page. There are currently 3 more tips available which could provide further insights into the company's valuation and future prospects. To access these insights, consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. This could be a valuable resource for making more informed investment decisions regarding HFBL.
It's important for investors to keep an eye on the executive transactions and the company's financial health to understand the broader context of these stock movements. With a P/E ratio of 7.95 and a price/book ratio of 0.64 as of the last twelve months ending Q3 2024, HFBL presents a potentially undervalued opportunity, according to InvestingPro Data. These metrics, combined with the company's dividend history, could suggest that HFBL is an interesting prospect for value-oriented investors.
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