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

Barrett Business Services, Inc. (NASDAQ:BBSI) declared a quarterly dividend on Thursday, February 27th, Wall Street Journal reports. Investors of record on Friday, March 14th will be paid a dividend of 0.08 per share by the business services provider on Friday, March 28th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Friday, March 14th.

Barrett Business Services has increased its dividend payment by an average of 1.1% per year over the last three years. Barrett Business Services has a dividend payout ratio of 12.6% meaning 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

BBSI opened at $40.29 on Friday. The company has a market capitalization of $1.05 billion, a P/E ratio of 21.26, a P/E/G ratio of 1.21 and a beta of 1.41. The firm’s fifty day moving average price is $42.64 and its two-hundred day moving average price is $39.95. Barrett Business Services has a fifty-two week low of $28.42 and a fifty-two week high of $44.97.

Insider Buying and Selling

In other Barrett Business Services news, Director Thomas B. Cusick sold 3,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $43.41, for a total value of $130,230.00. Following the transaction, the director now directly owns 27,776 shares in the company, valued at $1,205,756.16. The trade was a 9.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on BBSI shares. Roth Mkm lifted their target price on shares of Barrett Business Services from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. StockNews.com downgraded Barrett Business Services from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Barrington Research reissued an “outperform” rating and issued a $45.00 target price on shares of Barrett Business Services in a report on Wednesday, December 11th.

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.