GBank Financial Holdings Inc. (GBFH) Surges 7.5%: Is This an Indication of Further Gains?

GBank Financial Holdings Inc. (GBFH) shares ended the last trading session 7.5% higher at $35.47. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 8.8% loss over the past four weeks.Yesterday, shares of GBank Financial Holdings rallied for the sixth straight trading session. On April 16, the company announced that the SEC had declared effective its Registration Statement on Form S-1. The registration pertains to the resale of over 1 million shares held by existing stockholders, originally issued in a private placement completed on October 11, 2024. This positive development drove the GBFH stock higher.This company is expected to post quarterly earnings of $0.31 per share in its upcoming report, which represents a year-over-year change of +10.7%. Revenues are expected to be $18 million, up 36.3% 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 GBank Financial Holdings Inc., 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 GBFH 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 >>>>GBank Financial Holdings Inc. is part of the Zacks Banks - Southwest industry. First Foundation (FFWM), another stock in the same industry, closed the last trading session 1% lower at $4.93. FFWM has returned 3.1% in the past month.For First Foundation, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.02. This represents no change from what the company reported a year ago. First Foundation currently has a Zacks Rank of #5 (Strong Sell).5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report GBank Financial Holdings Inc. (GBFH): Free Stock Analysis Report First Foundation Inc. (FFWM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks