We'd be surprised if BOK Financial Corporation (NASDAQ:BOKF) shareholders haven't noticed that an insider, Steven Bangert, recently sold US$346k worth of stock at US$81.51 per share. On the bright side, that sale was only 5.6% of their holding, so we doubt it's very meaningful, on its own.
The Last 12 Months Of Insider Transactions At BOK Financial
Notably, that recent sale by Steven Bangert is the biggest insider sale of BOK Financial shares that we've seen in the last year. That means that an insider was selling shares at around the current price of US$81.11. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
Over the last year, we can see that insiders have bought 10.36k shares worth US$839k. But insiders sold 9.90k shares worth US$845k. Steven Bangert divested 9.90k shares over the last 12 months at an average price of US$85.31. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
Does BOK Financial Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that BOK Financial insiders own 59% of the company, worth about US$3.1b. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
What Might The Insider Transactions At BOK Financial Tell Us?
An insider sold stock recently, but they haven't been buying. And our longer term analysis of insider transactions didn't bring confidence, either. But since BOK Financial is profitable and growing, we're not too worried by this. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Every company has risks, and we've spotted 2 warning signs for BOK Financial (of which 1 is concerning!) you should know about.
But note: BOK Financial may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.