Roth Capital Brokers Decrease Earnings Estimates for BBSI

Barrett Business Services, Inc. (NASDAQ:BBSI) – Stock analysts at Roth Capital reduced their FY2025 EPS estimates for Barrett Business Services in a research report issued on Thursday, February 27th. Roth Capital analyst J. Martin now anticipates that the business services provider will post earnings of $2.11 per share for the year, down from their prior estimate of $2.25. The consensus estimate for Barrett Business Services’ current full-year earnings is $2.00 per share.

BBSI has been the subject of a number of other reports. StockNews.com downgraded Barrett Business Services from a “buy” rating to a “hold” rating in a report on Thursday. Roth Mkm upped their target price on shares of Barrett Business Services from $43.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Barrington Research reiterated an “outperform” rating and set a $45.00 price target on shares of Barrett Business Services in a research note on Wednesday, December 11th.

Barrett Business Services Stock Performance

BBSI opened at $40.29 on Friday. Barrett Business Services has a one year low of $28.42 and a one year high of $44.97. The company has a market cap of $1.05 billion, a P/E ratio of 21.26, a PEG ratio of 1.21 and a beta of 1.41. The business’s 50-day simple moving average is $42.64 and its 200-day simple moving average is $39.95.

Barrett Business Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Friday, March 14th. Barrett Business Services’s payout ratio is currently 16.93%.

Insider Activity

In other news, Director Thomas B. Cusick sold 3,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $43.41, for a total transaction of $130,230.00. Following the completion of the sale, the director now owns 27,776 shares in the company, valued at approximately $1,205,756.16. This represents a 9.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.70% of the company’s stock.

Institutional Trading of Barrett Business Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its holdings in shares of Barrett Business Services by 29.7% in the third quarter. Principal Financial Group Inc. now owns 17,300 shares of the business services provider’s stock valued at $649,000 after purchasing an additional 3,960 shares during the period. Summit Global Investments raised its position in Barrett Business Services by 1.5% during the 3rd quarter. Summit Global Investments now owns 24,456 shares of the business services provider’s stock worth $917,000 after buying an additional 352 shares during the last quarter. Huntington National Bank acquired a new stake in shares of Barrett Business Services in the 3rd quarter worth $39,000. Thrivent Financial for Lutherans purchased a new stake in shares of Barrett Business Services in the third quarter valued at about $16,422,000. Finally, Quest Partners LLC increased its stake in shares of Barrett Business Services by 5.6% during the third quarter. Quest Partners LLC now owns 18,998 shares of the business services provider’s stock worth $713,000 after acquiring an additional 1,012 shares during the period. 86.76% of the stock is owned by hedge funds and other institutional investors.

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.