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EdgarHawk

LEPPERT EDWARD J

Director

Director
1 filing analyzed · 1 company · Latest 2024-11-22

Companies

Company Buys Sells Direction
PROVIDENT FINANCIAL SERVICES INC PFS 0 1 Net selling

Activity

November 2024
Sell
69,921 shares
$1,442,470
Significance 5/10

Director Leppert sold 69,921 shares of PFS at $20.63; retains 78,245 shares post-sale.

Edward J. Leppert, a PFS director, sold 69,921 shares at $20.63 on 2024-11-20, reducing his holdings by approximately 47% to 78,245 shares. The sale occurred at a price near the 52-week high (within 2.1% of the $21.86 peak) and during a period of recent strength, with the stock up 12.2% over 30 days and 11.9% over 90 days. The $1.4M transaction represents a substantial position reduction but Leppert retains material direct ownership. With PFS trading at a P/E of 29.72 and recent quarterly net income of $46.4M against $17.8M in revenue, the company appears relatively fairly valued; the timing and magnitude of this sale merit monitoring for directional sentiment, though the director's continued substantial shareholding suggests ongoing confidence in the business.

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