GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » PrivateBancorp Inc (NAS:PVTB) » Definitions » Sloan Ratio %

PrivateBancorp (PrivateBancorp) Sloan Ratio % : 13.14% (As of Mar. 2017)


View and export this data going back to 1999. Start your Free Trial

What is PrivateBancorp Sloan Ratio %?

Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.

PrivateBancorp's Sloan Ratio for the quarter that ended in Mar. 2017 was 13.14%.

As of Mar. 2017, PrivateBancorp has a Sloan Ratio of 13.14%, indicating there is a warning stage of accrual build up.


PrivateBancorp Sloan Ratio % Historical Data

The historical data trend for PrivateBancorp's Sloan Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

PrivateBancorp Sloan Ratio % Chart

PrivateBancorp Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.53 4.22 9.67 9.66 11.93

PrivateBancorp Quarterly Data
Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.90 10.29 11.17 11.93 13.14

Competitive Comparison of PrivateBancorp's Sloan Ratio %

For the Banks - Regional subindustry, PrivateBancorp's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PrivateBancorp's Sloan Ratio % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, PrivateBancorp's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where PrivateBancorp's Sloan Ratio % falls into.



PrivateBancorp Sloan Ratio % Calculation

Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.

PrivateBancorp's Sloan Ratio for the fiscal year that ended in Dec. 2016 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2016 )-Cash Flow from Operations (A: Dec. 2016 )
-Cash Flow from Investing (A: Dec. 2016 ))/Total Assets (A: Dec. 2016 )
=(208.357-343.367
--2527.528)/20053.773
=11.93%

PrivateBancorp's Sloan Ratio for the quarter that ended in Mar. 2017 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Mar. 2017 )
=(216.757-377.279
--2843.456)/20416.218
=13.14%

PrivateBancorp's Net Income for the trailing twelve months (TTM) ended in Mar. 2017 was 50.365 (Jun. 2016 ) + 48.892 (Sep. 2016 ) + 59.548 (Dec. 2016 ) + 57.952 (Mar. 2017 ) = $216.8 Mil.
PrivateBancorp's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2017 was 59.187 (Jun. 2016 ) + 87.568 (Sep. 2016 ) + 84.008 (Dec. 2016 ) + 146.516 (Mar. 2017 ) = $377.3 Mil.
PrivateBancorp's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2017 was -575.126 (Jun. 2016 ) + -941.703 (Sep. 2016 ) + -639.929 (Dec. 2016 ) + -686.698 (Mar. 2017 ) = $-2,843.5 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


PrivateBancorp  (NAS:PVTB) Sloan Ratio % Explanation

A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.

According to How to Beat the Market with the Sloan Ratio:

If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.

If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.

If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.

As of Mar. 2017, PrivateBancorp has a Sloan Ratio of 13.14%, indicating there is a warning stage of accrual build up.


PrivateBancorp Sloan Ratio % Related Terms

Thank you for viewing the detailed overview of PrivateBancorp's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.


PrivateBancorp (PrivateBancorp) Business Description

Traded in Other Exchanges
N/A
Address
PrivateBancorp provides financial services to wealthy individuals and their families. It operates seven offices in the Chicago area, and one in St. Louis, Missouri. Services include checking, savings, and money market accounts, as well as residential and commercial loans. PrivateBancorp also provides estate planning and trust administration, brokerage accounts, and retirement planning. The company offers investment counsel through its Lodestar subsidiary, in which it has an 80% stake.
Executives
Michelle L Collins director C/O MOLEX INCORPORATED, 2222 WELLINGTON COURT, LISLE IL 60503
William R Rybak director 2020 CALAMOS COURT, NAPERVILE IL 60563
Edward W Rabin director 200 WEST MADISON STE.3900, CHICAGO IL 60606
Cheryl Mayberry Mckissack director 3680 VICTORIA ST. N., C/O DELUXE CORP, SHOREVIEW MN 55126
Norman Bobins director 1100 N. WOOD DALE ROAD, WOOD DALE IL 60191
James Bruce Nicholson director 500 KIRTS BLVD, TROY MI 48084
Kevin M Killips officer: Chief Financial Officer 2500 LAKE COOK ROAD, RIVERWOODS IL 60015
Diane Aigotti director C/O PRIVATEBANCORP,INC., 120 SOUTH LASALLE STREET - LEGAL DEPT., CHICAGO IL 60603
Alejandro Silva director 4118 SOUTH HALSTED STREET, CHICAGO IL 60609
James M Guyette director 111 TOLLGATE WAY, FALLS CHURCH VA 22046
Gtcr Golder Rauner Ii Llc director
Roche Collin E director 303 PERIMETER CENTER NORTH, SUITE 600, ATLANTA GA 30346
Gary S Collins officer: Pres. The PrivateClients Group 913 SOUTH BOULEVARD, OAK PARK IL 60302
John B Williams officer: Chief Operating Officer C/O ASSOCIATED BANC-CORP, 433 MAIN STREET, GREEN BAY WI 54301
Dennis L Klaeser officer: Chief Financial Officer 235 EAST MAIN STREET, MIDLAND MI 48640

PrivateBancorp (PrivateBancorp) Headlines