First Farmers Financial (OTCMKTS:FFMR) Shares Up 0.7% – Here’s Why

First Farmers Financial Co. (OTCMKTS:FFMR) shares traded up 0.7% during trading on Wednesday . The company traded as high as $65.98 and last traded at $65.98. 100 shares were traded during trading, a decline of 97% from the average session volume of 3,618 shares. The stock had previously closed at $65.52.

First Farmers Financial Price Performance

The firm has a fifty day simple moving average of $65.48 and a two-hundred day simple moving average of $66.18.

First Farmers Financial announced that its board has approved a share buyback plan on Tuesday, February 17th that allows the company to repurchase $4.00 million in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

First Farmers Financial Company Profile

First Farmers Financial Corporation is a bank holding company based in Hamilton, Indiana, serving the financial needs of rural and suburban communities across Central Indiana and Northwest Ohio. It operates through its primary subsidiary, First Farmers Bank & Trust, which provides a range of community banking and trust services designed to support individuals, families, businesses, and agricultural enterprises.

The company’s core business activities include traditional deposit and lending services.