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

Barrett Business Services, Inc. (NASDAQ:BBSI) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders of record on Friday, November 22nd will be paid a dividend of 0.08 per share by the business services provider on Friday, December 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Friday, November 22nd.

Barrett Business Services has a dividend payout ratio of 14.5% indicating that 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

Barrett Business Services stock traded up $0.06 during trading hours on Friday, reaching $41.25. 41,340 shares of the stock were exchanged, compared to its average volume of 135,540. The firm’s 50 day moving average is $36.81 and its 200 day moving average is $34.47. Barrett Business Services has a 52-week low of $25.58 and a 52-week high of $41.48. The stock has a market cap of $1.08 billion, a P/E ratio of 22.57, a P/E/G ratio of 1.23 and a beta of 1.39.

Insider Activity

In related news, CEO Gary Kramer sold 805 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $35.00, for a total transaction of $28,175.00. Following the transaction, the chief executive officer now directly owns 276,831 shares in the company, valued at approximately $9,689,085. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on BBSI shares. Roth Mkm raised 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. Barrington Research increased their target price on Barrett Business Services from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday.

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.