Barrett Business Services, Inc. Declares Quarterly Dividend of $0.08 (NASDAQ:BBSI)

Barrett Business Services, Inc. (NASDAQ:BBSI) declared a quarterly dividend on Monday, November 4th,Zacks Dividends reports. Shareholders of record on Friday, November 22nd will be given a dividend of 0.08 per share by the business services provider on Friday, December 6th. This represents a $0.32 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Friday, November 22nd.

Barrett Business Services has a dividend payout ratio of 14.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Barrett Business Services to earn $2.21 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 14.5%.

Barrett Business Services Price Performance

Shares of BBSI opened at $42.35 on Thursday. The company’s 50-day moving average is $37.97 and its 200-day moving average is $35.21. The firm has a market capitalization of $1.10 billion, a PE ratio of 22.35, a PEG ratio of 1.39 and a beta of 1.39. Barrett Business Services has a fifty-two week low of $26.60 and a fifty-two week high of $43.29.

Insider Buying and Selling at Barrett Business Services

In other Barrett Business Services news, Director Thomas J. Carley sold 4,584 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $41.24, for a total transaction of $189,044.16. Following the transaction, the director now owns 91,628 shares in the company, valued at $3,778,738.72. This trade represents a 4.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph Stephen Clabby bought 1,635 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were bought at an average price of $43.01 per share, with a total value of $70,321.35. Following the completion of the transaction, the director now owns 11,327 shares in the company, valued at approximately $487,174.27. This trade represents a 16.87 % increase in their position. The disclosure for this purchase can be found here. Insiders own 3.70% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. StockNews.com raised shares of Barrett Business Services from a “hold” rating to a “buy” rating in a report on Tuesday. Barrington Research increased their target price on Barrett Business Services from $41.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Roth Mkm upped their price objective on Barrett Business Services from $43.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, November 7th.

Barrett Business Services Company Profile

Barrett Business Services, Inc provides business management solutions for small and mid-sized companies in the United States. The company develops a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry.