First Farmers Financial (OTCMKTS:FFMR) to Repurchase $4.00 million in Stock

First Farmers Financial (OTCMKTS:FFMR) declared that its board has authorized a share repurchase plan on Tuesday, February 17th, RTT News reports. The company plans to repurchase $4.00 million in shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

First Farmers Financial Stock Up 0.9%

OTCMKTS:FFMR opened at $65.05 on Wednesday. The business has a 50 day simple moving average of $66.20 and a 200-day simple moving average of $66.41. First Farmers Financial has a 1 year low of $64.10 and a 1 year high of $68.00.

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.