James R. Barlow, the Chairman, President, and CEO of Home Federal Bancorp, Inc. of Louisiana (NASDAQ:HFBL), recently acquired additional shares of the company's common stock. According to a recent SEC filing, Barlow purchased 248.8201 shares at an average price of $29.0042 per share. The transaction, which took place on November 8, 2024, amounted to a total of $7,216.
This acquisition was executed through Barlow's 401(k) plan, as part of a nondiscretionary purchase agreement in which he elected to rebalance his holdings. Following this transaction, Barlow's indirect ownership through his 401(k) plan now totals 21,388.408 shares.
In addition to his indirect holdings, Barlow holds 98,662 shares directly, as well as additional shares through other indirect ownership structures, including an IRA and a spouse's IRA. His direct and indirect holdings reflect his significant investment in the company he leads.
InvestingPro Insights
James R. Barlow's recent purchase of Home Federal Bancorp, Inc. of Louisiana (NASDAQ:HFBL) shares aligns with several positive indicators highlighted by InvestingPro. The company's dividend history is particularly noteworthy, with InvestingPro Tips revealing that HFBL has raised its dividend for 10 consecutive years and has maintained dividend payments for 20 consecutive years. This consistent dividend performance may be attractive to investors seeking stable income streams.
The company's current dividend yield stands at 4.16%, which could be considered appealing in the current market environment. Additionally, HFBL has demonstrated profitability over the last twelve months, as noted by another InvestingPro Tip. This profitability is reflected in the company's P/E ratio of 11.46, which suggests the stock may be reasonably valued relative to its earnings.
However, investors should be aware that HFBL suffers from weak gross profit margins, according to InvestingPro. This could be a potential area of concern for the company's long-term financial health and may require management's attention to improve operational efficiency.
For those interested in a more comprehensive analysis, InvestingPro offers 14 additional tips for HFBL, providing a deeper understanding of the company's financial position and market performance.
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