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

Barrett Business Services, Inc. (NASDAQ:BBSI) announced a quarterly dividend on Monday, November 4th,Zacks Dividends reports. Stockholders of record on Friday, November 22nd will be paid a dividend of 0.08 per share by the business services provider on Friday, December 6th. This represents a $0.32 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Friday, November 22nd.

Barrett Business Services has a payout ratio of 14.4% meaning its dividend is sufficiently covered by earnings. 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

NASDAQ BBSI opened at $41.61 on Wednesday. The business has a 50 day moving average price of $37.83 and a 200 day moving average price of $35.16. The company has a market capitalization of $1.08 billion, a P/E ratio of 21.96, a PEG ratio of 1.39 and a beta of 1.39. Barrett Business Services has a 1-year low of $26.60 and a 1-year high of $43.29.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BBSI shares. Barrington Research lifted their price target 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. StockNews.com upgraded shares of Barrett Business Services from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Roth Mkm upped their price target on shares of Barrett Business Services from $43.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, November 7th.

Insider Activity

In other Barrett Business Services news, Director Thomas J. Carley sold 4,584 shares of Barrett Business Services stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $41.24, for a total value of $189,044.16. Following the completion of the sale, the director now directly owns 91,628 shares of the company’s stock, valued at approximately $3,778,738.72. The trade was a 4.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph Stephen Clabby purchased 1,635 shares of Barrett Business Services stock in a transaction on Tuesday, November 12th. The shares were acquired at an average cost of $43.01 per share, for a total transaction of $70,321.35. Following the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 3.70% of the company’s stock.

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.