What Makes FB Financial (FBK) a Strong Momentum Stock: Buy Now?

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] Company Overview: FB Financial (FBK) - FBK currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance [3] Price Performance - FBK shares have increased by 7.38% over the past week, outperforming the Zacks Banks - Northeast industry, which rose by 5.24% [5] - Over the past quarter, FBK shares have gained 7.89%, and over the last year, they have increased by 37.17%, compared to the S&P 500's gains of 5.33% and 26.85% respectively [6] Trading Volume - FBK's average 20-day trading volume is 125,512 shares, which serves as a baseline for assessing price movements [7] Earnings Outlook - In the past two months, 3 earnings estimates for FBK have been revised upwards, while only 1 has been revised downwards, leading to an increase in the consensus estimate from $3.50 to$3.61 [9] - For the next fiscal year, 2 estimates have moved upwards with no downward revisions [9] Conclusion - Considering the positive price trends, strong earnings outlook, and favorable momentum score, FBK is identified as a solid momentum pick [11]