Insider Trading January 26, 2026

BOK Financial Director Sells $523,558 in Stock as Bank Posts Strong Q4 2025 Results

Steven Bangert trims direct and indirect holdings; mixed analyst reactions follow a quarter of loan growth, fee strength and lower provisions

By Marcus Reed BOKF
BOK Financial Director Sells $523,558 in Stock as Bank Posts Strong Q4 2025 Results
BOKF

Director Steven Bangert sold a total of 3,800 shares of BOK Financial Corp (NASDAQ:BOKF) on January 22, 2026, in two transactions totaling $523,558. The disposals came as the company reported fourth-quarter 2025 results that beat expectations on earnings and revenue, driven by stronger fee income, lower loan loss provisions and 13% annualized loan growth. Analysts responded with a mix of target increases and cautious ratings adjustments.

Key Points

  • Director Steven Bangert sold 3,800 shares of BOK Financial on January 22, 2026, in two tranches totaling $523,558.
  • BOK Financial beat Q4 2025 expectations with EPS of $2.48 (vs. $2.17) and revenue of $560.2 million (vs. $550.26 million), helped by stronger fee income, lower loan loss provisions and 13% annualized loan growth.
  • Analysts responded with mixed updates: KBW raised its price target to $135 with a Market Perform rating, RBC upped its target to $132 citing loan growth and margin expansion, while DA Davidson downgraded the stock from Buy to Neutral despite raising its target to $135.

Insider sale details

On January 22, 2026, Steven Bangert, a director at BOK Financial Corp (NASDAQ: BOKF), sold 3,800 shares of the company's common stock in two separate transactions totaling $523,558. The transactions were executed at prices ranging from $137.71 to $137.91 per share.

The larger tranche consisted of 2,500 shares held in Bangert's name, sold at $137.71 per share. After that disposition, Bangert's direct ownership in BOK Financial stands at 34,916 shares. The second tranche was 1,300 shares owned indirectly through Bangert Family Investments, LLLP, disposed of at $137.91 per share. Following that sale, Bangert's indirect ownership totals 10,936 shares.

Quarterly results and drivers

These insider transactions occurred against the backdrop of BOK Financial's fourth-quarter 2025 financial report, which exceeded analyst expectations on key metrics. The company reported earnings per share of $2.48, ahead of the analyst consensus of $2.17 - a beat of 14.29%. Revenue for the quarter came in at $560.2 million, above the projected $550.26 million.

Management highlighted stronger fee income and lower loan loss provisions as contributors to the quarter's performance. The firm also reported an annualized loan growth rate of 13% for the period, underscoring expansion in lending activity as a component of the results.

Analyst reactions: higher targets, mixed ratings

Following the earnings release, several brokerages adjusted their views on the shares. KBW raised its price target for BOK Financial to $135 while maintaining a Market Perform rating. RBC Capital raised its target to $132, citing broad-based loan growth and margin expansion as supporting factors. At the same time, DA Davidson moved the stock from Buy to Neutral, observing limited upside potential even as it raised its price target to $135. Together, these moves reflect a combination of optimism on operating trends and caution about further upside in the share price.

Context and limitations

The insider sales are documented via the two tranches described above and the ownership totals reflect post-transaction holdings. The analyst commentary and price-target changes are as reported following the company's quarter-end results. The article reports those facts as stated; it does not infer or assert causes beyond the specific items highlighted by the company and the analysts.


Key facts recap

  • Director Steven Bangert sold 3,800 BOKF shares on January 22, 2026, for $523,558 across two trades.
  • Post-sale direct ownership: 34,916 shares; indirect ownership via Bangert Family Investments, LLLP: 10,936 shares.
  • BOK Financial's Q4 2025 EPS was $2.48 vs. $2.17 expected; revenue was $560.2 million vs. $550.26 million expected.

Risks

  • Analyst views are mixed - DA Davidson downgraded BOK Financial from Buy to Neutral citing limited upside potential, indicating possible valuation constraints that could affect investor returns - this principally impacts banking and financials sectors.
  • Although the quarter beat expectations, continued reliance on fee income and lower loan loss provisions as drivers introduces uncertainty if those trends do not persist, which could affect earnings and revenue outcomes for the bank and related capital markets participants.

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