Stock market today: S&P 500 drops for fifth day as focus shifts to Powell’s speech
In recent transactions involving New Peoples Bankshares Inc (OTC:NWPP), a small-cap regional bank valued at $71.2 million, Director John D. Cox purchased a total of 6,724 shares, amounting to approximately $20,430. According to InvestingPro analysis, the stock currently trades near Fair Value with a price-to-book ratio of 0.99x. The acquisitions took place over two consecutive days, February 27 and February 28, 2025, with prices per share ranging from $3.03 to $3.04. These purchases were made under the Cox Living Trust, which continues to accumulate shares as part of an open order to acquire up to 50,000 shares. As of the latest transactions, a total of 33,787 shares have been purchased under this order. The company maintains a 2.66% dividend yield and has raised its dividend for three consecutive years. Following these acquisitions, Cox’s indirect ownership through the trust stands at 655,933 shares. InvestingPro analysis indicates the stock is currently in overbought territory, with additional technical insights available to subscribers. Get access to 3 more exclusive ProTips and comprehensive financial metrics with an InvestingPro subscription.
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