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John D. Cox, a director at New Peoples Bankshares Inc. (OTC:NWPP), a regional bank with a market capitalization of $71 million, recently acquired additional shares of the company. According to a recent SEC filing, Cox purchased a total of 18,063 shares over several transactions. These purchases occurred between February 19 and February 25, 2025, at prices ranging from $3.03 to $3.05 per share, amounting to a total investment of $52,019. InvestingPro analysis indicates the stock is currently trading above its Fair Value, with technical indicators suggesting overbought conditions.
The transactions were made through the Cox Living Trust, with the shares being acquired indirectly. Following these acquisitions, Cox’s total holdings in New Peoples Bankshares have increased to 649,209 shares. The stock has shown mixed performance, declining 15% year-to-date but delivering a 23% return over the past year.
This move is part of an open order to purchase up to 50,000 shares, which commenced on February 14, 2025. As of February 25, 2025, 27,063 shares have been purchased under this order. Trading at a P/E ratio of 9.5, the stock has shown significant price volatility. For more comprehensive insights and additional technical indicators, visit InvestingPro, which offers 5+ additional exclusive tips for this stock.
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