FB Financial (FBK) Surges 8.0%: Is This an Indication of Further Gains?

Company Overview - FB Financial (FBK) shares increased by 8% to close at $43.13, following a notable trading volume, contrasting with an 11.4% loss over the past four weeks [1] - The bank holding company is expected to report quarterly earnings of$ 0.85 per share, unchanged from the previous year, with revenues projected at $132.69 million, reflecting a 23.5% increase year-over-year [2] Earnings Estimates and Trends - The consensus EPS estimate for FB Financial has remained stable over the last 30 days, indicating that stock price movements may not sustain without earnings estimate revisions [3] - FB Financial holds a Zacks Rank of 1 (Strong Buy), suggesting positive market sentiment [3] Industry Comparison - FB Financial is part of the Zacks Banks - Northeast industry, where Merchants Bancorp (MBIN) also operates, closing 4.6% higher at$ 34.77, but has seen a -8.4% return over the past month [3] - Merchants Bancorp's consensus EPS estimate has decreased by 2.6% to $1.25, representing a significant -30.6% change from the previous year, and it currently holds a Zacks Rank of 3 (Hold) [4]