Buffett Dumps $982 Million in BofA Stock—What Does He Know?

Buffett's been eerily quiet about his reasons, but his actions speak volumes. When someone with his track record starts pulling out of the market, it's time to pay attention.

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Frank Fekete Biography and Net Worth

Director of Provident Financial Services

Frank L. Fekete CPA serves as Independent Director of the Company. Mr. Fekete is a certified public accountant and the Managing Partner of the accounting firm of Mandel, Fekete & Bloom, CPAs, located in Jersey City, New Jersey. He serves on the board of trustees of St. Peter’s University, Hackensack Meridian Health Network, and John Cabot University, Rome, Italy. He has over 35 years of public accounting experience, including supervision of audits of public companies. This experience benefits our board of directors in its oversight of financial reporting and disclosure issues, and Mr. Fekete qualifies as an Audit Committee financial expert.

What is Frank L. Fekete's net worth?: The estimated net worth of Frank L. Fekete is at least $1.17 million as of August 14th, 2023. Mr. Fekete owns 54,523 shares of Provident Financial Services stock worth more than $1,166,792 as of November 23rd. This net worth approximation does not reflect any other assets that Mr. Fekete may own. Learn More about Frank L. Fekete's net worth.
How do I contact Frank L. Fekete?: The corporate mailing address for Mr. Fekete and other Provident Financial Services executives is 239 Washington Street, JERSEY CITY NJ, 07302. Provident Financial Services can also be reached via phone at (732) 590-9200 and via email at [email protected]. Learn More on Frank L. Fekete's contact information.
Has Frank L. Fekete been buying or selling shares of Provident Financial Services?: Frank L. Fekete has not been actively trading shares of Provident Financial Services during the last quarter. Most recently, Frank L. Fekete sold 1,000 shares of the business's stock in a transaction on Monday, August 14th. The shares were sold at an average price of $17.79, for a transaction totalling $17,790.00. Following the completion of the sale, the director now directly owns 54,523 shares of the company's stock, valued at $969,964.17. Learn More on Frank L. Fekete's trading history.
Who are Provident Financial Services' active insiders?: Provident Financial Services' insider roster includes James Christy (EVP), James Dunigan (Director), Frank Fekete (Director), Vito Giannola (EVP), Matthew Harding (Director), Anthony Labozzetta (President & CEO), Christopher Martin (Executive Chairman), and John Pugliese (Director). Learn More on Provident Financial Services' active insiders.
Are insiders buying or selling shares of Provident Financial Services?: In the last twelve months, Provident Financial Services insiders bought shares 2 times. They purchased a total of 1,962 shares worth more than $31,184.50. In the last twelve months, insiders at the savings and loans company sold shares 2 times. They sold a total of 10,499 shares worth more than $188,776.91. The most recent insider tranaction occured on August, 20th when EVP Vito Giannola sold 5,499 shares worth more than $99,476.91. Insiders at Provident Financial Services own 4.3% of the company. Learn More about insider trades at Provident Financial Services.
Information on this page was last updated on 8/20/2024.

Frank L. Fekete Insider Trading History at Provident Financial Services

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
8/14/2023	Sell	1,000	$17.79	$17,790.00	54,523
5/25/2021	Sell	6,839	$25.40	$173,710.60	45,002
3/4/2019	Sell	5,000	$27.26	$136,300.00	38,953
12/1/2017	Sell	9,000	$27.33	$245,970.00	48,903
2/1/2017	Sell	5,871	$26.50	$155,581.50	46,005
8/11/2016	Sell	4,559	$20.42	$93,094.78	56,235
5/5/2016	Sell	3,000	$19.69	$59,070.00	59,435
12/7/2015	Sell	4,000	$20.60	$82,400.00	51,876
8/26/2014	Sell	6,000	$17.14	$102,840.00
5/30/2013	Sell	12,000	$15.50	$186,000.00

Frank L. Fekete Buying and Selling Activity at Provident Financial Services

Provident Financial Services Company Overview

Provident Financial Services, Inc. operates as the bank holding company for Provident Bank that provides various banking products and services to individuals, families, and businesses in the United States. Its deposit products include savings, checking, interest-bearing checking, money market deposit, and certificate of deposit accounts, as well as IRA products. The company's loan portfolio comprises commercial real estate loans that are secured by properties, such as multi-family apartment buildings, office buildings, retail and industrial properties, and office buildings; commercial business loans; fixed-rate and adjustable-rate mortgage loans collateralized by one- to four-family residential real estate properties; commercial construction loans; and consumer loans consisting of home equity loans, home equity lines of credit, personal loans and unsecured lines of credit, and auto and recreational vehicle loans. It also offers cash management, remote deposit capture, payroll origination, escrow account management, and online and mobile banking services; and business credit cards. In addition, the company provides wealth management services comprising investment management, trust and estate administration, financial planning, and tax compliance and planning. Further, it sells insurance and investment products, including annuities; operates as a real estate investment trust for acquiring mortgage loans and other real estate related assets; and manages and sells real estate properties acquired through foreclosure. The company was founded in 1839 and is headquartered in Jersey City, New Jersey.

Today's Range

Now: $21.40

$20.92

$21.55

50 Day Range

MA: $19.30

$17.64

$21.86

2 Week Range

Now: $21.40

$13.07

$22.23

Volume

547,661 shs

Average Volume

648,669 shs

Market Capitalization

$2.79 billion

P/E Ratio

20.58

Dividend Yield

4.60%

Beta

1.03