First Farmers Financial (OTCMKTS:FFMR) Shares Up 1.5% – What’s Next?

First Farmers Financial Co. (OTCMKTS:FFMR)’s share price traded up 1.5% during mid-day trading on Thursday . The stock traded as high as $69.00 and last traded at $69.00. 120 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 2,608 shares. The stock had previously closed at $68.00.

First Farmers Financial Price Performance

The firm’s 50-day moving average is $66.37 and its 200 day moving average is $66.22.

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

About First Farmers Financial

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.