Director White Blaine Scott acquired 4,233 shares of New Peoples Bankshares Inc (NASDAQ: NWPP) on March 3, 2026, at a price of $4.16 per share. The transaction totaled $17,609. Following the purchase, White's direct ownership in the company stands at 1,113,205 shares.
The purchase occurred while the stock was trading close to its 52-week high of $4.30. The shares have recorded a 31% increase over the previous six months and a 43% gain over the last year.
InvestingPro analysis, cited in company filings and reporting on the trade, indicates the shares currently look overvalued against InvestingPro's Fair Value estimate. The stock is trading at a price-to-earnings ratio of 34.92 according to that analysis.
White's broader holdings in New Peoples Bankshares include both direct and indirect positions. The breakdown following the March 3 purchase is as follows:
- Directly owned: 1,113,205 shares
- As trustee for B. Scott White Trust (indirect): 254,950 shares
- As trustee for IRA fbo B. Scott White: 156,637 shares
- As trustee for an irrevocable trust for a child: 9,056 shares
- As trustee for four irrevocable trusts for grandchildren: 165,698 shares
- Owned by Sky Investments LLC: 1,255,247 shares
- Owned by spouse: 136,060 shares
- Owned by SBTB, L.P.: 2,061,666 shares
The transaction value of $17,609 reflects the simple multiplication of the 4,233 shares purchased by the $4.16 per-share price reported for March 3, 2026. No additional transactions, authorizations, or sales are reported in connection with this filing.
For subscribers, InvestingPro notes that additional exclusive tips and expanded financial metrics for NWPP are available, with five extra items referenced for subscribers who follow the company.
Context and implications
The trade is a clear, documented purchase by an insider and updates the public record of White's stakes across multiple vehicles and trusts. The share price is elevated relative to the recent range, and InvestingPro's valuation assessment flags that elevation numerically via the P/E ratio. Beyond those data points, the public disclosures provided with the transaction do not elaborate on motive, planned future trades, or strategic intent.