First Farmers Financial (OTCMKTS:FFMR) Trading 0.7% Higher – Here’s What Happened

Shares of First Farmers Financial Co. (OTCMKTS:FFMR) rose 0.7% on Wednesday . The company traded as high as $65.98 and last traded at $65.98. Approximately 100 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 3,618 shares. The stock had previously closed at $65.52.

First Farmers Financial Price Performance

The company’s 50-day moving average is $65.48 and its two-hundred day moving average is $66.18.

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 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication 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.