First Farmers Financial (OTCMKTS:FFMR) Stock Price Up 0.8% – Still a Buy?

First Farmers Financial Co. (OTCMKTS:FFMR)’s share price traded up 0.8% during trading on Friday . The stock traded as high as $65.90 and last traded at $65.90. 102 shares were traded during mid-day trading, a decline of 97% from the average session volume of 3,222 shares. The stock had previously closed at $65.40.

First Farmers Financial Price Performance

The company has a 50-day moving average price of $65.64 and a 200 day moving average price of $66.17.

First Farmers Financial declared that its Board of Directors has approved a stock buyback plan on Tuesday, February 17th that allows the company to repurchase $4.00 million in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually 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.