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In a recent series of transactions, Blaine Scott White, a director and ten percent owner of New Peoples Bankshares Inc (OTC:NWPP), acquired a total of 12,012 shares of the company’s common stock. The purchases, executed on May 28, 2025, were made at a price of $3.10 per share, resulting in a total investment of $37,237. The $72 million market cap company has shown strong momentum with a 20% return over the past year, despite being down 11.65% year-to-date. According to InvestingPro analysis, the stock is currently trading near its Fair Value, with a GOOD financial health score.
White’s acquisitions were made in his capacity as a trustee for four irrevocable trusts established for his grandchildren. Following these transactions, White holds 153,898 shares indirectly as a trustee, alongside other holdings in various capacities, including as a trustee for personal and family trusts. InvestingPro data reveals the company is trading at a low P/E ratio relative to its near-term earnings growth, with 5 additional exclusive insights available to subscribers.
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