HONAKER, Va.—White Blaine Scott, a director and significant shareholder of New Peoples Bankshares Inc. (OTC:NWPP), recently acquired additional shares of the company's common stock. According to a recent SEC filing, Scott purchased 2,360 shares at a price of $3.00 per share, amounting to a total transaction value of $7,080. The purchase comes as the $72 million market cap bank trades near its 52-week high of $3.15, having delivered an impressive 31% return year-to-date. InvestingPro analysis indicates the stock is currently trading above its Fair Value.
Following this transaction, Scott holds various shares in different capacities, including direct ownership and as a trustee for several trusts. His total direct ownership now stands at 1,014,980 shares. Additionally, Scott holds shares indirectly as a trustee for various trusts and through other entities, with significant holdings in entities such as Sky Investments LLC and SBTB, L.P.
These transactions underscore Scott's continued investment in New Peoples Bankshares, which operates as a state commercial bank headquartered in Honaker, Virginia.
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