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

Barrett Business Services, Inc. (NASDAQ:BBSI) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders 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 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 dividend payout ratio of 14.5% 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 NASDAQ:BBSI traded up $0.23 during trading hours on Friday, hitting $41.42. The company’s stock had a trading volume of 21,809 shares, compared to its average volume of 135,450. Barrett Business Services has a 52 week low of $25.58 and a 52 week high of $41.42. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 22.57, a P/E/G ratio of 1.23 and a beta of 1.39. The firm’s fifty day moving average price is $36.81 and its 200 day moving average price is $34.47.

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 completion of the transaction, the chief executive officer now directly owns 242,543 shares in the company, 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 accessible through this hyperlink. 3.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BBSI shares. Barrington Research boosted their price objective on shares of Barrett Business Services from $41.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday. Roth Mkm boosted their target price 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 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.