Home Federal Bancorp, Inc. of Louisiana (NASDAQ:HFBL) reported that its Senior Vice President and Chief Financial Officer, Glen W. Brown, sold company shares on May 17, 2024. The transaction involved a total of 270 shares of Home Federal Bancorp common stock, sold at a price of $11.25 per share, amounting to over $3,000 in total value.
This sale reduced Brown's direct ownership in the company to 5,978 shares, not including additional indirect holdings. According to the filing, Brown also has indirect ownership of 1,360.469 shares through a 401(k) Plan and 9,879.2768 shares through an Employee Stock Ownership Plan (ESOP). The 401(k) Plan units are based on a per-unit price of $25.81 as of June 5, 2024, and represent a mix of cash and Common Stock that varies over time.
The SEC filing also disclosed Brown's holdings in derivative securities, specifically employee stock options (right to buy). These include options for 4,000 shares at a conversion or exercise price of $11.86, set to expire on November 11, 2030, and another set of 4,000 shares at a conversion price of $11.50, expiring on October 26, 2025. Additionally, options for 14,000 shares at a conversion price of $9.46, which expire on July 31, 2024, were reported. These options have varying vesting schedules, with some already fully vested and others vesting annually.
The reported transactions provide investors with an update on the insider activity of Home Federal Bancorp, offering insights into the financial moves of one of its key executives.
InvestingPro Insights
As Home Federal Bancorp, Inc. (NASDAQ:HFBL) navigates the financial landscape, recent data from InvestingPro reveals a mixed picture of the company's performance. With a market capitalization of $33.7 million, the company boasts a modest valuation in the financial sector. The P/E ratio, a measure of a company's earnings relative to its share price, stands at 8.03, reflecting a valuation that may appeal to value-oriented investors.
An InvestingPro Tip highlights that HFBL has a commendable track record of raising its dividend for 9 consecutive years, indicating a commitment to returning value to shareholders. This dedication is further underscored by the company maintaining dividend payments for 20 consecutive years. However, the data also points to challenges, with weak gross profit margins that could signal underlying inefficiencies in the company's operations. The recent price performance shows a significant decline over the last three months, with a 3-month price total return of -15.67%, which may concern some investors.
For those interested in a deeper dive into Home Federal Bancorp's financials and potential investment strategies, InvestingPro offers additional insights. Subscribers can access these detailed analyses and benefit from a special offer using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. With several more InvestingPro Tips available, investors can gain a comprehensive understanding of HFBL's financial health and future prospects.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.