Mufg Americas Holdings Has Trimmed United Parcel Service (UPS) Position by $414,920; Guaranty Bancorp Del (GBNK) Shareholder Basswood Capital Management Lowered Its Position by $18.73 Million

October 7, 2017 - By Hazel Jackson

Matthew Lindenbaum decreased its stake in Guaranty Bancorp Del (GBNK) by 82.44% based on its latest 2017Q2 regulatory filing with the SEC. Basswood Capital Management Llc sold 693,586 shares as the company’s stock rose 1.01% with the market. The hedge fund run by Matthew Lindenbaum held 147,758 shares of the major banks company at the end of 2017Q2, valued at $4.02 million, down from 841,344 at the end of the previous reported quarter. Basswood Capital Management Llc who had been investing in Guaranty Bancorp Del for a number of months, seems to be less bullish one the $808.19M market cap company. The stock increased 0.53% or $0.15 on October 6, reaching $28.3. About 66,121 shares traded. Guaranty Bancorp (NASDAQ:GBNK) has risen 55.26% since October 7, 2016 and is uptrending. It has outperformed by 38.56% the S&P500.

Mufg Americas Holdings Corp decreased its stake in United Parcel Service Inc (UPS) by 1.78% based on its latest 2017Q2 regulatory filing with the SEC. Mufg Americas Holdings Corp sold 3,772 shares as the company’s stock declined 3.26% while stock markets rallied. The institutional investor held 208,081 shares of the transportation company at the end of 2017Q2, valued at $23.01M, down from 211,853 at the end of the previous reported quarter. Mufg Americas Holdings Corp who had been investing in United Parcel Service Inc for a number of months, seems to be less bullish one the $101.49B market cap company. The stock decreased 0.42% or $0.5 on October 6, reaching $117.7. About 2.83 million shares traded or 26.91% up from the average. United Parcel Service, Inc. (NYSE:UPS) has risen 2.10% since October 7, 2016 and is uptrending. It has underperformed by 14.60% the S&P500.

Among 18 analysts covering United Parcel Service (NYSE:UPS), 6 have Buy rating, 1 Sell and 11 Hold. Therefore 33% are positive. United Parcel Service has $12600 highest and $88 lowest target. $113.78’s average target is -3.33% below currents $117.7 stock price. United Parcel Service had 40 analyst reports since July 29, 2015 according to SRatingsIntel. The company was maintained on Tuesday, September 22 by S&P Research. Aegis Capital upgraded the stock to “Buy” rating in Wednesday, February 8 report. The rating was maintained by S&P Research on Wednesday, July 29 with “Buy”. As per Wednesday, September 20, the company rating was maintained by Oppenheimer. The company was downgraded on Wednesday, February 22 by Bank of America. The rating was initiated by JP Morgan with “Neutral” on Tuesday, December 13. The company was maintained on Thursday, July 27 by Stifel Nicolaus. The rating was downgraded by BMO Capital Markets to “Market Perform” on Wednesday, February 1. The stock of United Parcel Service, Inc. (NYSE:UPS) earned “Buy” rating by Oppenheimer on Thursday, July 27. Cowen & Co maintained the shares of UPS in report on Monday, July 17 with “Hold” rating.

Since June 5, 2017, it had 0 insider purchases, and 1 insider sale for $214,980 activity.

Mufg Americas Holdings Corp, which manages about $3.10B US Long portfolio, upped its stake in Dst Sys Inc Del (NYSE:DST) by 15,980 shares to 26,010 shares, valued at $1.61 million in 2017Q2, according to the filing. It also increased its holding in Pnc Finl Svcs Group Inc (NYSE:PNC) by 23,641 shares in the quarter, for a total of 46,154 shares, and has risen its stake in Costco Whsl Corp New (NASDAQ:COST).

Analysts await United Parcel Service, Inc. (NYSE:UPS) to report earnings on October, 26 before the open. They expect $1.45 earnings per share, up 0.69% or $0.01 from last year’s $1.44 per share. UPS’s profit will be $1.25B for 20.29 P/E if the $1.45 EPS becomes a reality. After $1.58 actual earnings per share reported by United Parcel Service, Inc. for the previous quarter, Wall Street now forecasts -8.23% negative EPS growth.

More notable recent United Parcel Service, Inc. (NYSE:UPS) news were published by: Reuters.com which released: “China regulator OKs joint venture of UPS, SF Holding” on September 28, 2017, also Reuters.com with their article: “UPS expects to hire about 95000 workers for holiday season” published on September 20, 2017, Seekingalpha.com published: “Further Upside For UPS From International Segment” on September 25, 2017. More interesting news about United Parcel Service, Inc. (NYSE:UPS) were released by: Investorplace.com and their article: “Hold Recommendation on United Parcel Service (UPS) Shares Extended” published on October 04, 2017 as well as Nasdaq.com‘s news article titled: “February 2018 Options Now Available For United Parcel Service (UPS)” with publication date: September 14, 2017.

Investors sentiment increased to 1.05 in Q2 2017. Its up 0.07, from 0.98 in 2017Q1. It improved, as 61 investors sold UPS shares while 410 reduced holdings. 91 funds opened positions while 402 raised stakes. 447.95 million shares or 1.37% less from 454.16 million shares in 2017Q1 were reported. Security National has invested 0.05% in United Parcel Service, Inc. (NYSE:UPS). Highland reported 3,581 shares or 0.03% of all its holdings. Arkansas-based Horrell Cap Inc has invested 1.82% in United Parcel Service, Inc. (NYSE:UPS). Buckingham Asset Management Lc invested in 7,232 shares or 0.19% of the stock. Massmutual Tru Company Fsb Adv has 0% invested in United Parcel Service, Inc. (NYSE:UPS) for 44,016 shares. Magnetar Fincl Limited Liability invested in 19,935 shares. Teacher Retirement Systems Of Texas has invested 0.07% in United Parcel Service, Inc. (NYSE:UPS). Amp Capital Investors, Australia-based fund reported 233,389 shares. Daiwa Grp stated it has 0.02% in United Parcel Service, Inc. (NYSE:UPS). Ontario Teachers Pension Plan Board holds 212,312 shares or 0.28% of its portfolio. 890,769 are held by Everett Harris & Ca. Silvercrest Asset Group Limited Liability Co stated it has 0.03% in United Parcel Service, Inc. (NYSE:UPS). Smithfield Trust Communication owns 8,378 shares. South State Corp invested 0.61% of its portfolio in United Parcel Service, Inc. (NYSE:UPS). Nbt Natl Bank N A has 7,373 shares for 0.13% of their portfolio.

Among 7 analysts covering Guaranty Bancorp (NASDAQ:GBNK), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Guaranty Bancorp had 10 analyst reports since August 13, 2015 according to SRatingsIntel. The rating was downgraded by Keefe Bruyette & Woods on Thursday, July 20 to “Hold”. The stock has “Hold” rating by Keefe Bruyette & Woods on Tuesday, October 3. The stock has “Hold” rating by Piper Jaffray on Tuesday, July 11. The firm has “Buy” rating given on Thursday, October 27 by Sandler O’Neill. The stock of Guaranty Bancorp (NASDAQ:GBNK) earned “Neutral” rating by PiperJaffray on Tuesday, July 11. The company was upgraded on Tuesday, April 12 by Wood. FIG Partners upgraded the shares of GBNK in report on Thursday, August 13 to “Market Perform” rating. The firm has “Buy” rating given on Thursday, June 22 by Keefe Bruyette & Woods.

Since May 26, 2017, it had 1 insider buy, and 0 sales for $2,052 activity.

Basswood Capital Management Llc, which manages about $2.47 billion and $2.04B US Long portfolio, upped its stake in Zions Bancorporation (NASDAQ:ZION) by 150,479 shares to 593,967 shares, valued at $26.08M in 2017Q2, according to the filing. It also increased its holding in Pennymac Finl Svcs Inc (NYSE:PFSI) by 349,427 shares in the quarter, for a total of 1.60 million shares, and has risen its stake in Regional Mgmt Corp (NYSE:RM).

More news for Guaranty Bancorp (NASDAQ:GBNK) were recently published by: Bizjournals.com, which released: “Guaranty Bank CEO’s ‘eye level’ post-merger view” on July 17, 2017. Marketwired.com‘s article titled: “Guaranty Bancorp announces second consecutive quarter of record net income and …” and published on July 19, 2017 is yet another important article.

Analysts await Guaranty Bancorp (NASDAQ:GBNK) to report earnings on October, 25. They expect $0.37 EPS, up 15.63% or $0.05 from last year’s $0.32 per share. GBNK’s profit will be $10.57M for 19.12 P/E if the $0.37 EPS becomes a reality. After $0.36 actual EPS reported by Guaranty Bancorp for the previous quarter, Wall Street now forecasts 2.78% EPS growth.

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