Barrett Business Services, Inc. (BBSI) To Go Ex-Dividend on November 22nd

Barrett Business Services, Inc. (NASDAQ:BBSI) declared 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 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 NASDAQ:BBSI opened at $41.61 on Wednesday. Barrett Business Services has a 12 month low of $26.60 and a 12 month high of $43.29. The firm has a market capitalization of $1.08 billion, a P/E ratio of 21.96, a P/E/G ratio of 1.39 and a beta of 1.39. The company’s fifty day moving average price is $37.83 and its 200 day moving average price is $35.16.

Analysts Set New Price Targets

BBSI has been the subject of several research reports. Roth Mkm boosted their target price on Barrett Business Services from $43.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, November 7th. StockNews.com raised Barrett Business Services from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Barrington Research increased their price objective on Barrett Business Services from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, November 7th.

Insider Transactions at Barrett Business Services

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

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.