Home / Insider News / PFS
Insider Buy Cluster Buy CEO Buy New Position August 11, 2020

LABOZZETTA ANTHONY J purchased ~$38K in Provident Financial Services, Inc. stock

Provident Financial Services, Inc. (PFS)  ·  President and COO  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

+7.7%

vs SPY +7.0%

PFS price after insider trade by LABOZZETTA ANTHONY J

Insider

LABOZZETTA ANTHONY J

Role

President and COO

Transaction

Open-Market Purchase

Approx. Value

~$38K

Trade Date

Aug 11, 2020

Company

Provident Financial Services, Inc.

Ticker

PFS

Source

SEC EDGAR Form 4

Very Strong conviction signal

Scored in the top tier across multiple factors. Fewer than 5% of insider trades receive this rating.

~$38K purchase

A personal investment by a corporate insider. Even smaller trades can be meaningful when combined with other factors like timing and role.

President and COO

Corporate insiders must file trades with the SEC within 2 business days. Their unique access to non-public information makes these filings valuable data points.

3 insiders traded in the same window

When multiple insiders independently buy within 30 days, it's called a cluster. Studies show clustered insider purchases outperform solo trades significantly, because several people with inside knowledge are reaching the same conclusion.

+7.7% in 90 days (S&P 500: +7.0%)

This trade beat the S&P 500 by 0.7 percentage points over 90 days. We track performance on every insider trade so you can see who consistently outperforms.

LA

How good is LABOZZETTA ANTHONY J at picking stocks?

Full track record: win rate, average return, and performance vs S&P 500

See track record
3

LABOZZETTA ANTHONY J wasn't the only one buying.

3 insiders at Provident Financial Services, Inc. traded within the same 30-day window.

See who else bought · Free

On August 11, 2020, LABOZZETTA ANTHONY J — President and COO of Provident Financial Services, Inc. — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$38K in Provident Financial Services, Inc. (PFS) stock.

This transaction was part of a cluster — 3 insiders at Provident Financial Services, Inc. made open-market purchases within the same 30-day window. Cluster activity from multiple independent insiders is one of the most studied patterns in insider trading research.

Under Section 16(a) of the Securities Exchange Act of 1934, corporate insiders must report all open-market stock transactions to the SEC within two business days. These filings — known as Form 4s — are publicly available on the SEC's EDGAR database. VeritySignals filters and scores the full Form 4 stream to surface high-conviction signals like this one.

In the 90 days following this trade, PFS returned +7.7% versus +7.0% for the S&P 500 over the same period.

Full Conviction Analysis

Sign up free to see signal strength details, or upgrade for the full 15-factor breakdown.

Upgrade to Trader

Get notified the next time LABOZZETTA ANTHONY J trades

Free alerts · No credit card · Instant notification

Set free alert

All data sourced from publicly available SEC Form 4 filings via EDGAR · Not financial advice · Past performance does not guarantee future results.

Signal strength Very Strong
Trade size ~$38K
Insider role President and COO
Cluster 3 insiders
90-day return +7.7%
vs S&P 500 +0.7%

What is this?

When company executives buy or sell their own stock, they must report it to the SEC within 2 days. These public filings reveal what the people who know the company best are doing with their own money.

Why does it matter?

Insiders can sell for many reasons (taxes, diversification, expenses), but they generally only buy for one: they think the stock is going up. That's why insider purchases are more predictive than sales.

What makes a trade "strong"?

We score trades on 15+ factors: the insider's role (CEO > director), trade size relative to their salary, whether other insiders also bought (clusters), and historical accuracy of the insider.

Read our full methodology →

Never miss a signal

Get notified when high-conviction insiders buy. Free account, no credit card.

Sign up free