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

First Farmers Financial Co. (OTCMKTS:FFMR)’s stock price fell 1.1% during mid-day trading on Tuesday . The company traded as low as $65.25 and last traded at $65.25. 100 shares traded hands during mid-day 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 Trading Down 1.1%

The company has a fifty day simple moving average of $65.88 and a two-hundred day simple moving average of $66.26.

First Farmers Financial announced that its Board of Directors has initiated a share repurchase program on Tuesday, February 17th that authorizes the company to buyback $4.00 million in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership 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.