Shares of First Farmers Financial Co. (OTCMKTS:FFMR – Get Free Report) were up 1.5% during mid-day trading on Thursday . The company traded as high as $69.00 and last traded at $69.00. Approximately 120 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 2,608 shares. The stock had previously closed at $68.00.
First Farmers Financial Trading Down 1.1%
The firm has a 50-day simple moving average of $66.42 and a two-hundred day simple moving average of $66.23.
First Farmers Financial announced that its board has approved a share repurchase program on Tuesday, February 17th that allows the company to buyback $4.00 million in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.
About First Farmers Financial
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.
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