New Peoples Bankshares director Blaine Scott White buys $21,975 in stock

Published 01/05/2025, 22:00
New Peoples Bankshares director Blaine Scott White buys $21,975 in stock

In a recent transaction reported to the Securities and Exchange Commission, Blaine Scott White, a director and significant shareholder of New Peoples Bankshares Inc. (OTC:NWPP), acquired additional shares of the company’s common stock. On April 30, 2025, White purchased 7,500 shares at a price of $2.93 per share, amounting to a total investment of $21,975. The regional bank, with a market capitalization of $72 million, has seen its shares trade near InvestingPro’s Fair Value estimate, currently priced at $3.10.

Following this acquisition, White’s total direct and indirect ownership in New Peoples Bankshares increased. The shares were acquired through Sky Investments LLC, a company associated with White. His direct ownership now stands at 1,014,480 shares, with additional shares held indirectly through various trusts and partnerships. The stock has demonstrated strong performance, delivering a 26.3% return over the past year while maintaining an attractive P/E ratio of 8.37.

Investors often pay close attention to insider transactions like these, as they can provide insights into the confidence levels of company executives regarding the future performance of the company. InvestingPro analysis reveals several positive indicators, including high shareholder yield and strong five-year returns. Subscribers can access 5 additional ProTips and comprehensive financial metrics for deeper insight into NWPP’s investment potential.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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