Barrett Business Services (NASDAQ:BBSI) Given New $45.00 Price Target at Barrington Research

Barrett Business Services (NASDAQ:BBSI) had its price objective lifted by Barrington Research from $41.00 to $45.00 in a report released on Thursday,Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

Separately, Roth Mkm boosted their price objective on shares of Barrett Business Services from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday.

Barrett Business Services Stock Up 0.4 %

Shares of BBSI stock opened at $41.37 on Thursday. The company’s fifty day simple moving average is $36.91 and its 200-day simple moving average is $34.57. The firm has a market cap of $1.08 billion, a PE ratio of 21.83, a P/E/G ratio of 1.35 and a beta of 1.39. Barrett Business Services has a 12 month low of $25.58 and a 12 month high of $41.48.

Barrett Business Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.77%. The ex-dividend date is Friday, November 22nd. Barrett Business Services’s dividend payout ratio (DPR) is currently 16.89%.

Insiders Place Their Bets

In other Barrett Business Services news, CEO Gary Kramer sold 34,288 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $35.05, for a total transaction of $1,201,794.40. Following the sale, the chief executive officer now directly owns 242,543 shares of the company’s stock, valued at approximately $8,501,132.15. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.70% of the company’s stock.

Institutional Trading of Barrett Business Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC raised its position in Barrett Business Services by 12,014.3% during the second quarter. CWM LLC now owns 848 shares of the business services provider’s stock worth $28,000 after acquiring an additional 841 shares in the last quarter. Amalgamated Bank raised its position in Barrett Business Services by 300.0% during the second quarter. Amalgamated Bank now owns 936 shares of the business services provider’s stock worth $31,000 after acquiring an additional 702 shares in the last quarter. Huntington National Bank acquired a new position in shares of Barrett Business Services in the third quarter valued at $39,000. USA Financial Formulas acquired a new position in shares of Barrett Business Services in the third quarter valued at $60,000. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Barrett Business Services by 415.2% in the second quarter. Nisa Investment Advisors LLC now owns 2,906 shares of the business services provider’s stock valued at $95,000 after purchasing an additional 2,342 shares during the last quarter. 86.76% of the stock is owned by institutional investors.

About Barrett Business Services

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.