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

First Farmers Financial Co. (OTCMKTS:FFMR) shot up 1.5% during trading on Thursday . The stock traded as high as $69.00 and last traded at $69.00. 120 shares were traded during 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 Trading Up 1.5%

The firm’s fifty day simple moving average is $66.37 and its 200 day simple moving average is $66.22.

First Farmers Financial declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, February 17th that authorizes the company to repurchase $4.00 million in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management 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.