TBK - Why Triumph Bancorp Stock Was Up 18.6% This Week
Triumph Bancorp (NASDAQ: TBK) saw its stock price rise 18.6% this week from last Friday's close as of noon ET today, according to S&P Global Market Intelligence . It seemed to be on pace to close the week strong, as it was up 1.9% on Friday morning. Even with the good week, the stock is still down about 50% year to date (YTD) as of Friday at noon ET, trading at $58 per share.
It topped the major indexes, as the Dow Jones Industrial Average was up 3.3%, the S&P 500 was up 5.1%, and the Nasdaq jumped 7% for the week as of noon ET on Friday.
Triumph Bancorp is a Dallas-based holding company that runs TBK Bank as well as TriumphPay, a payment network for the trucking industry. It also has an arm called Triumph Capital, which provides factoring services for the trucking industry.
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Why Triumph Bancorp Stock Was Up 18.6% This Week