Home Federal Bancorp, Inc. of Louisiana (NASDAQ:HFBL) announced the results of its Annual Meeting of Shareholders held on Wednesday, where a quorum was present with over 2.2 million shares represented. Shareholders elected two directors and ratified the appointment of an independent accounting firm for the upcoming fiscal year.
At the meeting, a total of 3,131,668 shares were eligible to vote, with 2,239,227 shares represented in person or by proxy. James R. Barlow and Thomas Steen Trawick, Jr. were elected to the board of directors for a three-year term, receiving 1,626,072 and 1,490,391 votes for, respectively. The number of withheld votes for Barlow was 10,425 and for Trawick, 146,106. There were 602,730 broker non-votes for each nominee.
In addition to the election of directors, the shareholders ratified the appointment of Carr, Riggs & Ingram, LLC as the company's independent registered public accounting firm for the fiscal year ending June 30, 2025. This proposal was passed with 2,221,922 votes for and 17,305 votes against.
InvestingPro Insights
Home Federal Bancorp, Inc. of Louisiana (NASDAQ:HFBL) demonstrates a strong commitment to shareholder value, as evidenced by its dividend history. According to InvestingPro Tips, HFBL has raised its dividend for 10 consecutive years and has maintained dividend payments for an impressive 20 consecutive years. This aligns well with the company's focus on governance and shareholder relations highlighted in the annual meeting results.
The company's financial health appears solid, with a P/E ratio of 11.26 and a dividend yield of 4.24% as of the latest data. These metrics suggest that HFBL may be attractively valued while offering a substantial income stream to investors. Additionally, the company's profitability over the last twelve months, as noted in the InvestingPro Tips, further underscores its financial stability.
For investors seeking more comprehensive analysis, InvestingPro offers 14 additional tips for HFBL, providing a deeper understanding of the company's financial position and market performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.