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Last $1.30 USD
Change Today +0.04 / 3.17%
Volume 500.0
As of 1:35 PM 03/6/15 All times are local (Market data is delayed by at least 15 minutes).

new peoples bankshares inc (NWPP) Snapshot

Open
$1.30
Previous Close
$1.26
Day High
$1.30
Day Low
$1.30
52 Week High
08/25/14 - $1.66
52 Week Low
08/18/14 - $1.05
Market Cap
29.7M
Average Volume 10 Days
139.0
EPS TTM
$0.0075
Shares Outstanding
22.9M
EX-Date
--
P/E TM
173.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for NEW PEOPLES BANKSHARES INC (NWPP)

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new peoples bankshares inc (NWPP) Details

New Peoples Bankshares, Inc. operates as the bank holding company for New Peoples Bank, Inc. that offers banking and related financial services to individuals, small to medium size businesses, and the professional community. Its deposit products include checking and savings accounts, time deposits, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit. The company’s loan portfolio comprises commercial and industrial loans to finance accounts receivable, inventory, property, plant, and equipment; residential mortgage loans, such as residential first and second mortgage loans, residential construction loans, home equity lines of credit, and term loans; construction loans; and consumer loans, including secured and unsecured loans for financing automobiles, home improvements, education, personal investments, and other purposes. It also offers other bank services, such as safe deposit boxes, cashier’s checks, cash management services, direct deposit of payroll and social security checks, and automatic drafts for various accounts; ATM cards and credit card services; and electronic banking services, such as debit cards, Internet banking, telephone banking, and wire transfers, as well as provides walk-up tellers, drive-in windows, and automated teller machines. The company, through its other subsidiaries, provides property, general and professional liability, bonds, life and health, and credit life and accident insurance insurance products; mutual funds, fixed and variable annuities, and fee based asset management; and web design and hosting services. It operates through 23 full service branches. New Peoples Bankshares, Inc. is headquartered in Honaker, Virginia.

265 Employees
Last Reported Date: 11/14/14

new peoples bankshares inc (NWPP) Top Compensated Officers

Chief Executive Officer, President, Chief Exe...
Total Annual Compensation: $172.6K
Interim Chief Financial Officer, Chief Operat...
Total Annual Compensation: $170.1K
Compensation as of Fiscal Year 2013.

new peoples bankshares inc (NWPP) Key Developments

New Peoples Bankshares Inc. Announces Management Changes

On December 17, 2014, the Board of Directors of New Peoples Bankshares Inc. announced that Mr. Mullins resigned from his position as President, Chief Executive Officer, and Director of the company and its subsidiaries effective December 17, 2014. Mr. Mullins is assisting the company with this transition. These changes with Mr. Mullin's positions with the company did not result from any disagreement with the company on any matter relating to the company's operations, policies, or practices. On December 17, 2014, the Board of Directors of the company appointed C. Todd Asbury, to succeed Mr. Mullins as President and Chief Executive Officer of the company and its subsidiaries effective immediately. Mr. Asbury has served as Executive Vice President, Chief Financial Officer, and Treasurer of the company and its subsidiaries since May 2009, Secretary of the company and its subsidiaries since May 2010, and as Senior Vice President, Chief Financial Officer and Treasurer of the company and subsidiaries from the time he joined the company in December 2003 to May 2009. On December 17, 2014, the Board of Directors of the company and subsidiaries appointed Frank Sexton, Jr., Executive Vice President and Chief Operating Officer as Interim Chief Financial Officer and Secretary and Treasurer effective December 17, 2014 in addition to his current duties. Mr. Sexton joined the Bank in 1998 as Executive Vice President and Cashier of New Peoples Bank Inc. and upon the formation of the company in 2001, he served as Executive Vice President, Chief Financial Officer and Secretary until December 2003.

New Peoples Bankshares Inc., Annual General Meeting, May 20, 2014

New Peoples Bankshares Inc., Annual General Meeting, May 20, 2014., at 18:00 US Eastern Standard Time. Location: at the Abingdon office of New Peoples Bank. Agenda: To elect three directors to serve for terms of three years each expiring at the 2017 annual meeting of shareholders; and to approve a non-binding resolution to approve the compensation of the named executive officers disclosed in this proxy statement; to ratify the Audit Committee's appointment of Elliott Davis, LLC as the company's independent registered public accounting firm for the year ending December 31, 2014; to act upon such other matters as may properly come before the Annual Meeting.

New Peoples Bankshares Inc., Annual General Meeting, May 21, 2013

New Peoples Bankshares Inc., Annual General Meeting, May 21, 2013., at 18:00 US Eastern Standard Time. Location: Abingdon office of New Peoples Bank. Agenda: To elect four directors to serve for terms of three years each expiring at the 2016 annual meeting of shareholders; to approve a non-binding resolution to approve the compensation of the named executive officers; to ratify the audit committee’s appointment of Elliott Davis, LLC as the Company’s independent registered public accounting firm for the year ending December 31, 2013; and to act upon such other matters as may properly come before the Annual Meeting.

 

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NWPP

Industry Average

Valuation NWPP Industry Range
Price/Earnings 100.0x
Price/Sales 0.9x
Price/Book 0.7x
Price/Cash Flow 264.5x
TEV/Sales NM Not Meaningful
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