First Farmers Financial (OTCMKTS:FFMR) Stock Price Up 0.7% – Should You Buy?

First Farmers Financial Co. (OTCMKTS:FFMR)’s stock price 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 Stock Up 0.7%

The firm’s fifty day moving average price is $65.48 and its 200-day moving average price is $66.18.

First Farmers Financial announced that its board has authorized a share repurchase program on Tuesday, February 17th that permits the company to repurchase $4.00 million in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is 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.