Barrett Business Services, Inc. (BBSI) Announces Quarterly Dividend of $0.25

Barrett Business Services, Inc. (NASDAQ:BBSI) announced a quarterly dividend on Monday, March 5th, Wall Street Journal reports. Investors of record on Friday, March 16th will be given a dividend of 0.25 per share by the business services provider on Friday, March 30th. This represents a $1.00 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Thursday, March 15th.

Barrett Business Services stock traded up $1.55 during mid-day trading on Thursday, reaching $85.36. 49,614 shares of the stock traded hands, compared to its average volume of 50,043. The stock has a market cap of $603.16, a PE ratio of 25.63 and a beta of 1.20. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 0.96. Barrett Business Services has a 12-month low of $44.52 and a 12-month high of $89.87.

Barrett Business Services (NASDAQ:BBSI) last posted its quarterly earnings data on Tuesday, February 27th. The business services provider reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.24. The company had revenue of $1.43 billion during the quarter. Barrett Business Services had a return on equity of 34.14% and a net margin of 2.73%. sell-side analysts predict that Barrett Business Services will post 4.54 EPS for the current fiscal year.

In other Barrett Business Services news, Director Jon L. Justesen sold 4,000 shares of the company’s stock in a transaction dated Thursday, March 22nd. The stock was sold at an average price of $86.00, for a total value of $344,000.00. Following the completion of the sale, the director now owns 15,218 shares in the company, valued at $1,308,748. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 6.00% of the company’s stock.

A number of research firms recently commented on BBSI. BidaskClub upgraded Barrett Business Services from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 13th. ValuEngine upgraded Barrett Business Services from a “buy” rating to a “strong-buy” rating in a research report on Monday. Finally, Roth Capital reiterated a “buy” rating and set a $105.00 price objective on shares of Barrett Business Services in a research report on Wednesday, March 7th.

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Barrett Business Services Company Profile

Barrett Business Services, Inc provides business management solutions for small and medium-sized companies in the United States. The company has management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry.

Dividend History for Barrett Business Services (NASDAQ:BBSI)

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