FB Financial (US:FBK) ZACKS·2024-07-22 17:01Core Viewpoint - FB Financial (FBK) is identified as a strong momentum stock with a Zacks Rank of 2 (Buy) and a Momentum Score of A, indicating potential for significant near-term gains [1][8]. Momentum Style Analysis - The Momentum Style Score for FBK is currently A, driven by positive price changes and upward revisions in earnings estimates [3][6]. - Momentum investing focuses on following recent price trends, with the strategy of buying high and selling higher, capitalizing on established price movements [7]. Trading Volume Insights - FBK's average 20-day trading volume is 211,659 shares, which serves as a baseline for price-to-volume analysis; a rising stock with above-average volume is generally seen as bullish [5]. Performance Metrics - Over the past week, FBK shares have increased by 9.11%, outperforming the Zacks Banks - Northeast industry, which rose by 6.39% during the same period [9]. - In the last month, FBK's price change of 24.66% significantly exceeds the industry's performance of 16.04% [9]. - FBK shares have risen by 19.79% over the past quarter and 39.52% over the last year, compared to the S&P 500's increases of 11.27% and 22.23%, respectively [11]. Earnings Outlook - In the last two months, five earnings estimates for FBK have been revised upward, raising the consensus estimate from $3.11 to $3.20 [10]. - For the next fiscal year, four estimates have increased while one has decreased, indicating a generally positive outlook [10].