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FB Financial (FBK) Surges 8.0%: Is This an Indication of Further Gains?
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FB Financial (FBK - Free Report) shares rallied 8% in the last trading session to close at $43.13. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 11.4% loss over the past four weeks.
The increased investor optimism in the stock can be attributed to President Donald Trump’s recent announcement to put a 90-day pause on the reciprocal tariff for most countries.
This bank holding company is expected to post quarterly earnings of $0.85 per share in its upcoming report, which represents no change from the year-ago quarter. Revenues are expected to be $132.69 million, up 23.5% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For FB Financial, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on FBK going forward to see if this recent jump can turn into more strength down the road.
FB Financial is part of the Zacks Banks - Northeast industry. Merchants Bancorp (MBIN - Free Report) , another stock in the same industry, closed the last trading session 4.6% higher at $34.77. MBIN has returned -8.4% in the past month.
For Merchants Bancorp, the consensus EPS estimate for the upcoming report has changed -2.6% over the past month to $1.25. This represents a change of -30.6% from what the company reported a year ago. Merchants Bancorp currently has a Zacks Rank of #3 (Hold).
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FB Financial (FBK) Surges 8.0%: Is This an Indication of Further Gains?
FB Financial (FBK - Free Report) shares rallied 8% in the last trading session to close at $43.13. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 11.4% loss over the past four weeks.
The increased investor optimism in the stock can be attributed to President Donald Trump’s recent announcement to put a 90-day pause on the reciprocal tariff for most countries.
This bank holding company is expected to post quarterly earnings of $0.85 per share in its upcoming report, which represents no change from the year-ago quarter. Revenues are expected to be $132.69 million, up 23.5% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For FB Financial, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on FBK going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
FB Financial is part of the Zacks Banks - Northeast industry. Merchants Bancorp (MBIN - Free Report) , another stock in the same industry, closed the last trading session 4.6% higher at $34.77. MBIN has returned -8.4% in the past month.
For Merchants Bancorp, the consensus EPS estimate for the upcoming report has changed -2.6% over the past month to $1.25. This represents a change of -30.6% from what the company reported a year ago. Merchants Bancorp currently has a Zacks Rank of #3 (Hold).