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Park Sterling (Park Sterling) Sloan Ratio % : 17.44% (As of Sep. 2017)


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What is Park Sterling 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.

Park Sterling's Sloan Ratio for the quarter that ended in Sep. 2017 was 17.44%.

As of Sep. 2017, Park Sterling has a Sloan Ratio of 17.44%, indicating there is a warning stage of accrual build up.


Park Sterling Sloan Ratio % Historical Data

The historical data trend for Park Sterling'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.

Park Sterling Sloan Ratio % Chart

Park Sterling Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only -8.44 3.43 2.98 5.05 20.07

Park Sterling Quarterly Data
Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
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 3.01 20.07 22.24 20.66 17.44

Competitive Comparison of Park Sterling's Sloan Ratio %

For the Banks - Regional subindustry, Park Sterling'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.


Park Sterling's Sloan Ratio % Distribution in the Banks Industry

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

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



Park Sterling 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.

Park Sterling'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 )
=(19.948-32.487
--666.045)/3255.395
=20.07%

Park Sterling's Sloan Ratio for the quarter that ended in Sep. 2017 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Sep. 2017 )
=(30.041-55.491
--591.797)/3247.253
=17.44%

Park Sterling's Net Income for the trailing twelve months (TTM) ended in Sep. 2017 was 5.331 (Dec. 2016 ) + 7.489 (Mar. 2017 ) + 8.527 (Jun. 2017 ) + 8.694 (Sep. 2017 ) = $30.0 Mil.
Park Sterling's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2017 was 27.394 (Dec. 2016 ) + 10.596 (Mar. 2017 ) + 36.294 (Jun. 2017 ) + -18.793 (Sep. 2017 ) = $55.5 Mil.
Park Sterling's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2017 was -604.161 (Dec. 2016 ) + -67.988 (Mar. 2017 ) + -15.975 (Jun. 2017 ) + 96.327 (Sep. 2017 ) = $-591.8 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.


Park Sterling  (NAS:PSTB) 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 Sep. 2017, Park Sterling has a Sloan Ratio of 17.44%, indicating there is a warning stage of accrual build up.


Park Sterling Sloan Ratio % Related Terms

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Park Sterling (Park Sterling) Business Description

Traded in Other Exchanges
N/A
Address
Park Sterling Corp acts as a holding company for Park Sterling Bank. The company provides banking services to small and mid-sized businesses, owner-occupied and income-producing real estate owners, residential builders, institutions and professionals. Products of the company include personal, business and non-profit checking accounts, IOLTA (Interest on Lawyers' Trust Accounts) accounts, individual retirement accounts, business and personal money market accounts, time deposits, safe deposit boxes and online and mobile banking. In addition, it also provides lending activities include short- to medium-term commercial, real estate, construction, residential mortgage and consumer loans, as well as long-term residential mortgages. Revenue of the company mainly consists of interest income.
Executives
Donald K Truslow officer: Chief Financial Officer ONE M&T PLAZA, BUFFALO NY 14203
Larry W. Carroll director C/O PARK STERLING BANK, 1043 EAST MOREHEAD STREET, SUITE 201, CHARLOTTE NC 28204
Jean E Davis director
James C. Cherry director, officer: CEO C/O PARK STERLING BANK, 1043 EAST MOREHEAD STREET, SUITE 201, CHARLOTTE NC 28204
Donald E Pickett officer: Principal Accounting Officer C/O SCBT FINANCIAL CORPORATION, 520 GERVAIS STREET, COLUMBIA SC 29201
Thomas B Henson director THOMAS B HENSON, 2131 AYRSLEY TOWN BOULEVARD, SUITE 300, CHARLOTTE NC 28273
Walter C Ayers director 8903 SIERRA ROAD RICHMOND VA 23229
Stephen A. Arnall officer: Principal Accounting Officer C/O PARK STERLING BANK, 1043 EAST MOREHEAD STREET, SUITE 201, CHARLOTTE NC 28204

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