Is it Worthy to Invest in BOK Financial (BOKF)?

Ariel Investments, an investment management firm, published its “Ariel Focus Fund” third-quarter 2021 investor letter – a copy of which can be downloaded here. Ariel Focus Fund returned -4.71% in the third quarter, trailing the Russell 1000 Value Index which lost -0.78%, and the S&P 500 Index which gained +0.58%. Year-to-date, Ariel Focus Fund has earned +15.44% compared to +16.14% for the Russell 1000 Value Index and +15.92% for the S&P 500. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

Ariel Focus Fund, in its Q3 2021 investor letter, mentioned BOK Financial Corporation (NASDAQ: BOKF) and discussed its stance on the firm. BOK Financial Corporation is a Tulsa, Oklahoma-based bank holding company with a $7.2 billion market capitalization. BOKF delivered a 55.30% return since the beginning of the year, while its 12-month returns are up by 52.87%. The stock closed at $106.35 per share on December 16, 2021.

Here is what Ariel Focus Fund has to say about BOK Financial Corporation  in its Q3 2021 investor letter:

“BOK Financial, a leading lender to the energy industry throughout the Southwest is also benefiting from the strength in the regional economy. When energy does well, all of Oklahoma gets a boost. The bank will also do well in the higher interest rate environment we have been anticipating. Led by its chairman George Kaiser, we believe BOK Financial is one of the country’s best lenders to the U.S. oil and gas industry.”

Photo by Viacheslav Bublyk on Unsplash

Based on our calculations, BOK Financial Corporation (NASDAQ: BOKF) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. BOKF was in 15 hedge fund portfolios at the end of the third quarter of 2021, compared to 13 funds in the previous quarter. BOK Financial Corporation (NASDAQ: BOKF) delivered a 26.85% return in the past 3 months.

Last year, we also shared Ariel Investments’ views on BOKF in another article. You can find more than 100 investor letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q3 page.

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