The largest Insider Buys this week were for BOK Financial Corp. (BOKF, Financial), EverBank Financial Corp. (EVER, Financial), Tricida Inc. (TCDA, Financial) and DISH Network Corp. (DISH, Financial).
BOK Financial Corp. (BOKF, Financial): EVP, Chief Information Officer Joseph A. Gottron II bought 2,100 shares
EVP, Chief Information Officer Joseph A. Gottron II bought 2,100 shares of BOKF stock on June 29 at the average price of $94.63. The price of the stock has increased by 1.12% since.
BOK Financial Corp. is an American bank holding company that is the largest bank in Oklahoma, with 14% of the total deposits in the state. George Kaiser, who acquired the bank in 1991 from the FDIC, owns 60% of the company. As of December 17, 2017, 17% of its loan portfolio was to borrowers in the petroleum industry. The company has a market capitalization of $6.31 billion, and as of July 6 it traded at $95.69.
On June 18 BOK Financial Corp. announced a merger agreement under which CoBiz will merge with Bok Financial Corp. in a $1 billion transaction. Approximately 75% of the consideration will be in stock, with the rest in cash.
EverBank Financial Corp. (EVER, Financial): CFO and Treasurer John Brandon Wagner bought 5,000 shares
CFO and Treasurer John Brandon Wagner bought 5,000 shares of EVER stock on July 2 at the average price of $18. The price of the stock has decreased by 1.67% since.
EverBank Financial Corp. is an American diversified financial services company that provides mortgages and banking and investing services. The company has a market capitalization of $2.26 billion, and as of July 6 it traded at $17.70.
On June 12, 2017, EverBank Financial Corp. announced that TIAA has completed the acquisition of the company. The transaction was originally announced on Aug. 8, 2016, and will significantly expand TIAA’s existing retail banking services.
Tricida Inc. (TCDA, Financial): President and CEO Gerrit Klaerner bought 15,790 shares
President and CEO Gerrit Klaerner bought 15,790 shares of TCDA stock on July 2 at the average price of $19.00. The price of the stock has increased by 60.53% since.
Tricida Inc. is an American pharmaceutical company that is primarily focused in developing and commercializing its lead product candidate, TRC101, a non-absorbed, orally-administered polymer drug that is designed to treat metabolic acidosis in patients with chronic kidney disease. The company has a market capitalization of $1.23 billion, and as of July 6 it traded at $30.50.
On June 27 Tricida Inc. announced the pricing of its initial public offering of 11.7 million shares of its common stock at an offering price of $19.00 per share for total gross proceeds of approximately $222.3 million. The company has granted the underwriters a 30-day option to purchase up to 1.775 million additional shares of common stock at the initial offering price.
DISH Network Corp. (DISH, Financial): Executive Vice President James Defranco bought 10,000 shares
Executive Vice President James Defranco bought 5,000 shares of DISH stock on July 2 at the average price of $32.99. The price of the stock has increased by 6.06% since.
DISH Network Corp. is an American satellite and television company that focuses on direct-broadcast satellite service. The company provides satellite television, audio programming, and interactive television services to both commercial and residential customers. The company has a market capitalization of $16.35 billion, and as of July 6 it traded at $34.99.
On June 29 DISH Network Corp. announced that negotiations with Univision Communications Inc. have reached an apparent roadblock following unmanageable demands by Univision Communications and the company’s sudden departure from the negotiating table. DISH Network Corp. is preparing for Univision to block DISH customers from its channels.
For the complete list of stocks that were bought by their company executives, go to: Insider Trades.
Disclosure: I do not own stock in any of the companies mentioned in the article.
