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Boston Private Financial Holdings (Boston Private Financial Holdings) Sloan Ratio % : 4.71% (As of Mar. 2021)


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What is Boston Private Financial Holdings 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.

Boston Private Financial Holdings's Sloan Ratio for the quarter that ended in Mar. 2021 was 4.71%.

As of Mar. 2021, Boston Private Financial Holdings has a Sloan Ratio of 4.71%, indicating the company is in the safe zone and there is no funny business with accruals.


Boston Private Financial Holdings Sloan Ratio % Historical Data

The historical data trend for Boston Private Financial Holdings'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.

Boston Private Financial Holdings Sloan Ratio % Chart

Boston Private Financial Holdings Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.26 3.52 2.18 0.29 3.58

Boston Private Financial Holdings Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
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 1.16 2.32 1.97 3.58 4.71

Competitive Comparison of Boston Private Financial Holdings's Sloan Ratio %

For the Banks - Regional subindustry, Boston Private Financial Holdings'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.


Boston Private Financial Holdings's Sloan Ratio % Distribution in the Banks Industry

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

* The bar in red indicates where Boston Private Financial Holdings's Sloan Ratio % falls into.



Boston Private Financial Holdings 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.

Boston Private Financial Holdings's Sloan Ratio for the fiscal year that ended in Dec. 2020 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2020 )-Cash Flow from Operations (A: Dec. 2020 )
-Cash Flow from Investing (A: Dec. 2020 ))/Total Assets (A: Dec. 2020 )
=(45.153-60.748
--375.001)/10048.733
=3.58%

Boston Private Financial Holdings's Sloan Ratio for the quarter that ended in Mar. 2021 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Mar. 2021 )
=(55.005-90.944
--531.937)/10538.492
=4.71%

Boston Private Financial Holdings's Net Income for the trailing twelve months (TTM) ended in Mar. 2021 was -3.298 (Jun. 2020 ) + 22.68 (Sep. 2020 ) + 24.971 (Dec. 2020 ) + 10.652 (Mar. 2021 ) = $55.0 Mil.
Boston Private Financial Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2021 was 32.759 (Jun. 2020 ) + 4.548 (Sep. 2020 ) + 31.919 (Dec. 2020 ) + 21.718 (Mar. 2021 ) = $90.9 Mil.
Boston Private Financial Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2021 was -288.796 (Jun. 2020 ) + 100.496 (Sep. 2020 ) + -114.725 (Dec. 2020 ) + -228.912 (Mar. 2021 ) = $-531.9 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.


Boston Private Financial Holdings  (NAS:BPFH) 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. 2021, Boston Private Financial Holdings has a Sloan Ratio of 4.71%, indicating the company is in the safe zone and there is no funny business with accruals.


Boston Private Financial Holdings Sloan Ratio % Related Terms

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Boston Private Financial Holdings (Boston Private Financial Holdings) Business Description

Traded in Other Exchanges
N/A
Address
Ten Post Office Square, Boston, MA, USA, 02109
Boston Private Financial Holdings Inc is a bank holding company. The company provides personal banking, wealth management, commercial banking, and asset management services to high net worth individuals, families, businesses, and institutions. It operates in two segments: Private Banking and Wealth Management & Trust. The company generates maximum revenue from the Private Banking segment. The private Banking segment operates primarily in three geographic markets: New England, Northern California, and Southern California.
Executives
Lizabeth H Zlatkus director ONE HARTFORD PLAZA, HARTFORD CT 06155
James Cannon Brown officer: EVP 24 NORTH STREET, PITTSFIELD MA 01201
Maura Almy officer: EVP BOSTON PRIVATE FINANCIAL HOLDINGS, INC. TEN POST OFFICE SQUARE BOSTON MA 02109
W. Timothy Macdonald officer: EVP, Chief Risk Officer BOSTON PRIVATE FINANCIAL HOLDINGS, INC. TEN POST OFFICE SQUARE BOSTON MA 02109
Kimberly S Stevenson director 199 FREMONT STREET, 7TH FLOOR, SAN FRANCISCO CA 94105
Luis A Ubinas director 209 REDWOOD SHORES PARKWAY, REDWOOD CITY CA 94065-1175
Gloria C Larson director UNUM GROUP, 1 FOUNTAIN SQUARE, CHATTANOOGA TN 37402
Stephen M Waters director TEN POST OFFICE SQUARE, BOSTON MA 02109
Joseph C Guyaux director 249 FIFTH AVE, P1-POPP-30-1, PITTSBURGH PA 15222
Mark F Furlong director 770 M WATER ST, MILWAUKEE WI 53202
Deborah F Kuenstner director C/O PUTNAM LLC, ONE POST OFFICE SQUARE L5, BOSTON MA 02109
William I Woodson officer: EVP BOSTON PRIVATE FINANCIAL HOLDINGS, INC. TEN POST OFFICE SQUARE BOSTON MA 02109
Steven M Gaven officer: EVP, Chief Financial Officer BOSTON PRIVATE TEN POST OFFICE SQUARE BOSTON MA 02109
Christopher A Cooper officer: SVP, Assistant General Counsel BOSTON PRIVATE FINANCIAL HOLDINGS, INC. TEN POST OFFICE SQUARE BOSTON MA 02109
Joy Enos officer: EVP, Chief HR Officer BOSTON PRIVATE TEN POST OFFICE SQUARE BOSTON MA 02109

Boston Private Financial Holdings (Boston Private Financial Holdings) Headlines