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

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 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 0.76%. 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 Stock Up 1.8 %

Barrett Business Services stock opened at $42.35 on Thursday. The company has a 50 day moving average of $37.97 and a 200-day moving average of $35.21. Barrett Business Services has a twelve month low of $26.60 and a twelve month high of $43.29. The stock has a market capitalization of $1.10 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 1.39 and a beta of 1.39.

Insiders Place Their Bets

In other news, Director Joseph Stephen Clabby bought 1,635 shares of the stock in a transaction that occurred 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 completion of the acquisition, the director now owns 11,327 shares in the company, valued at approximately $487,174.27. This represents a 16.87 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas J. Carley sold 4,584 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $41.24, for a total transaction of $189,044.16. Following the sale, the director now directly owns 91,628 shares in the company, valued at $3,778,738.72. This trade represents a 4.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Barrington Research upped their target price 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, November 7th. StockNews.com raised Barrett Business Services from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Roth Mkm increased their price objective on Barrett Business Services from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, November 7th.

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.