First Farmers Financial (OTCMKTS:FFMR) Stock Price Down 1.1% – Here’s Why

First Farmers Financial Co. (OTCMKTS:FFMR)’s stock price traded down 1.1% during mid-day trading on Tuesday . The stock traded as low as $65.25 and last traded at $65.25. 100 shares traded hands during trading, a decline of 98% from the average session volume of 4,253 shares. The stock had previously closed at $66.00.

First Farmers Financial Stock Up 1.1%

The company has a 50-day moving average price of $65.83 and a 200 day moving average price of $66.25.

First Farmers Financial declared that its Board of Directors has authorized a share repurchase plan on Tuesday, February 17th that allows the company to repurchase $4.00 million in outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often 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.