Home Federal Bancorp CFO sells shares worth over $167k By Investing.com

Glen W. Brown, the Senior Vice President and Chief Financial Officer of Home Federal Bancorp, Inc. of Louisiana (NASDAQ:HFBL), has recently engaged in significant trading activity involving the company’s stock. According to the latest filings, Brown sold a total of 14,582 shares of Home Federal Bancorp at an average price of $11.50, totaling over $167,693.

The transactions took place on June 7, 2024, and were reported in a Form 4 document filed with the Securities and Exchange Commission. On the same day, Brown also acquired 14,000 shares of the company’s common stock at a price of $9.46 per share, amounting to a total of $132,440. Following these transactions, Brown’s direct ownership in Home Federal Bancorp decreased, leaving him with 5,396 shares.

Additionally, Brown’s indirect holdings include units of the issuer’s pooled stock fund under the Home Federal Bank Employees’ Savings and Profit Sharing Plan and Trust, also known as the 401(k) Plan. The reported units represent a mix of cash and common stock, with the value of the common stock component based on a per-unit price of $25.81 as of June 5, 2024. Brown’s indirect holdings also encompass shares held by the Employee Stock Ownership Plan (ESOP), further diversifying his investment in the company.

Investors often monitor the buying and selling activity of company executives as it can provide insights into their perspective on the company’s future performance. The transactions by Brown were executed in accordance with applicable securities laws, and the filed Form 4 provides transparency for investors and the market.

Home Federal Bancorp, Inc. of Louisiana, headquartered in Shreveport, LA, operates as a federally chartered savings institution and is known for providing various banking products and services to its customers.

The trading activity by Brown comes at a time when investors are keenly observing insider transactions to gauge market sentiment and potential future movements in the company’s stock price. The details of these transactions, including the number of shares bought and sold, as well as the prices and total amounts, are now publicly accessible for further analysis and consideration by the investment community.

InvestingPro Insights

In light of the recent insider trading activity by Glen W. Brown at Home Federal Bancorp, Inc. of Louisiana, current and potential investors may find it helpful to consider some key financial metrics and insights provided by InvestingPro. The company, with a market capitalization of $34.73 million, trades at a price-to-earnings (P/E) ratio of 8.19, indicating a potentially undervalued position when compared to industry peers.

One of the notable InvestingPro Tips for Home Federal Bancorp is its consistent history of dividend growth, having raised its dividend for 9 consecutive years and maintained dividend payments for 20 consecutive years. This track record suggests a stable and investor-friendly corporate policy, which could be reassuring for income-focused shareholders, especially in light of the recent insider transactions. Additionally, despite concerns over weak gross profit margins, the company has been profitable over the last twelve months, which may instill confidence in its operational efficiency.

Investors should also consider the company’s dividend yield, which stands at a robust 4.48%, coupled with a dividend growth rate of 4.17% in the last twelve months as of Q3 2024. These figures highlight Home Federal Bancorp’s commitment to returning value to its shareholders. Moreover, the InvestingPro Fair Value estimate for the company is $13.12, suggesting a potential upside from the previous close price of $11.16.

For those interested in a deeper analysis, InvestingPro offers additional tips on Home Federal Bancorp, which can be accessed through their platform at https://www.investing.com/pro/HFBL. By using the coupon code PRONEWS24, investors can receive an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking further insights that could guide investment decisions.

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