Barrett Business Services, Inc. (BBSI) To Go Ex-Dividend on March 13th

Barrett Business Services, Inc. (NASDAQ:BBSI) declared a quarterly dividend on Monday, February 23rd. Stockholders of record on Friday, March 13th will be given a dividend of 0.08 per share by the business services provider on Friday, March 27th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, March 13th.

Barrett Business Services has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Barrett Business Services has a payout ratio of 13.0% meaning its dividend is sufficiently covered by earnings. Research 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 Performance

NASDAQ:BBSI opened at $27.62 on Wednesday. The company has a market capitalization of $696.11 million, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 0.99 and a beta of 1.03. Barrett Business Services has a one year low of $25.33 and a one year high of $49.65. The stock has a 50-day simple moving average of $34.64 and a 200 day simple moving average of $38.63.

Barrett Business Services (NASDAQ:BBSI) last announced its quarterly earnings data on Wednesday, February 25th. The business services provider reported $0.64 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.64. The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $323.43 million. Barrett Business Services had a return on equity of 23.67% and a net margin of 4.39%.Barrett Business Services’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.63 earnings per share. On average, equities research analysts forecast that Barrett Business Services will post 2 EPS for the current fiscal year.

Institutional Investors Weigh In On Barrett Business Services

Several large investors have recently added to or reduced their stakes in the stock. Tripletail Wealth Management LLC acquired a new position in shares of Barrett Business Services during the third quarter valued at $34,000. Kestra Advisory Services LLC bought a new stake in Barrett Business Services in the 4th quarter valued at about $39,000. Farther Finance Advisors LLC lifted its position in Barrett Business Services by 1,388.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 893 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 833 shares during the last quarter. Bard Associates Inc. acquired a new position in Barrett Business Services during the 4th quarter valued at about $50,000. Finally, AlphaQuest LLC acquired a new position in Barrett Business Services during the 3rd quarter valued at about $54,000. 86.76% of the stock is owned by institutional investors and hedge funds.

About Barrett Business Services

Barrett Business Services, Inc (NASDAQ: BBSI) is a professional employer organization (PEO) headquartered in Northridge, California. Founded in 1971 by Barrett K. Levesque, the company provides comprehensive human resources outsourcing solutions to small and mid-sized businesses. Through its consultative model, Barrett Business Services helps clients streamline administrative processes, mitigate regulatory risk and focus on core operations.

The company’s core offerings include payroll administration, employee benefits management, workers’ compensation and risk management services.