Does BOK Financial Corporation (BOKF) Provide a Long-Term Opportunity?

Ariel Investment, an investment management company, released its “Ariel Fund” third-quarter investor letter. A copy of the same can be downloaded here. In the third quarter, the fund generated a loss of -7.47%, underperforming the Russell 2500 Value Index, which returned a loss of -4.50%, and the Russell 2500 Index, which returned a -2.82% loss. Inflation concerns, Russia-Ukraine tension, energy price, and Federal Reserve’s aggressive actions impacted the investors’ confidence in the quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Ariel Investment highlighted stocks like BOK Financial Corporation (NASDAQ:BOKF) in the Q3 2022 investor letter. Headquartered in Tulsa, Oklahoma, BOK Financial Corporation (NASDAQ:BOKF) is a financial holding company. On December 1, 2022, BOK Financial Corporation (NASDAQ:BOKF) stock closed at $103.89 per share. One-month return of BOK Financial Corporation (NASDAQ:BOKF) was -2.00% and its shares gained 0.04% of their value over the last 52 weeks. BOK Financial Corporation (NASDAQ:BOKF) has a market capitalization of $6.987 billion.

Ariel Investment made the following comment about BOK Financial Corporation (NASDAQ:BOKF) in its Q3 2022 investor letter:

“Regional banking services provider BOK Financial Corporation (NASDAQ:BOKF) also traded higher, as reflation themes in the marketplace raised interest rate expectations, boosting positive net-interest-margin trends. Additionally, the company continued to report solid loan growth along with tight expense controls, providing a tailwind for shares. Looking ahead, we believe BOKF’s strong underwriting standards, diversified business model (which includes banking and fee service businesses), and experienced management team continue to present a long-term opportunity.”

Financial Advisor

Pixabay/Public Domain

BOK Financial Corporation (NASDAQ:BOKF) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 18 hedge fund portfolios held BOK Financial Corporation (NASDAQ:BOKF) at the end of the third quarter which was 15 in the previous quarter.

We discussed BOK Financial Corporation (NASDAQ:BOKF) in another article and shared the list of stocks to buy according to John Rogers’ Ariel Investments. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.

Suggested Articles:

Disclosure: None. This article is originally published at Insider Monkey.