FB Financial (FBK) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1][2]. Company Overview: FB Financial (FBK) - FBK currently holds a Momentum Style Score of A, indicating strong momentum potential [3]. - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for outperformance in the market [4]. Price Performance - FBK shares have increased by 5.29% over the past week, outperforming the Zacks Banks - Northeast industry, which rose by 4.28% [6]. - Over the past month, FBK's shares rose by 5.18%, compared to the industry's 3.52% [6]. - In the last quarter, FBK shares increased by 11.55%, and over the past year, they gained 17.24%, while the S&P 500 rose by 10.83% and 14.92%, respectively [7]. Trading Volume - FBK's average 20-day trading volume is 202,231 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Outlook - In the past two months, one earnings estimate for FBK has increased, while none have decreased, raising the consensus estimate from $3.76 to $3.79 for the full year [10]. - For the next fiscal year, one estimate has also moved upwards with no downward revisions [10]. Conclusion - Considering the strong price performance, positive earnings outlook, and high Momentum Style Score, FBK is recommended as a solid momentum pick [12].