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Home Federal Bancorp of Louisiana Approves Stock Repurchase Program
Sept 20 - Home Federal Bancorp Inc. of Louisiana (Nasdaq:HFBL) has substantially completed its repurchase program announced in February 2012, and that its board of directors has approved the commencement of a new stock repurchase program. The new repurchase program provides for the repurchase of up to an additional 275,000 shares, or approximately 10 percent of the company's outstanding common stock after the completion of the prior repurchase program. The shares may be purchased in the open market or in privately negotiated transactions from time to time depending on market conditions and other factors. As of the date hereof, the company has repurchased 246,210 shares at an average price per share of $15.03.
Home Federal Bancorp Inc. of Louisiana is the holding company for Home Federal Bank, which conducts business from its four full-service banking offices and one agency office in northwest Louisiana.