First Farmers Financial (OTCMKTS:FFMR) Shares Down 1.1% – Should You Sell?

First Farmers Financial Co. (OTCMKTS:FFMR) shares dropped 1.1% during mid-day trading on Tuesday . The company traded as low as $65.25 and last traded at $65.25. Approximately 100 shares changed hands during trading, a decline of 98% from the average daily volume of 4,253 shares. The stock had previously closed at $66.00.

First Farmers Financial Price Performance

The firm has a 50-day moving average of $65.88 and a 200 day moving average of $66.26.

First Farmers Financial declared 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 repurchase 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.