John Rogers Comments on BOK Financial Corp.

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Oct 21, 2016

In the third quarter, we added new firm-wide holding BOK Financial Corp. (NASDAQ:BOKF) to Ariel Appreciation Fund. BOK Financial is a leading bank holding company that provides services to businesses and individuals located in the middle-south. Skilled underwriting capabilities and an experienced management differentiate BOK Financial from its competitors. Recent macroeconomic headwinds in the energy industry caused by depressed oil and natural gas prices have created significant pressure on the stock price. As a result, we see this as an opportunity to own a conservatively managed bank with a geographic niche.

From John Rogers (Trades, Portfolio)' Ariel Appreciation Fund third-quarter 2016 commentary.