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

Barrett Business Services, Inc. (NASDAQ:BBSI - Get Free Report) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Shareholders 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 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Friday, November 22nd.

Barrett Business Services has a dividend payout ratio of 14.5% meaning its dividend is sufficiently covered by earnings. Equities 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 Up 0.4 %

NASDAQ BBSI traded up $0.18 on Friday, reaching $41.37. The company had a trading volume of 185,622 shares, compared to its average volume of 136,205. The firm's 50 day moving average price is $36.81 and its 200 day moving average price is $34.47. Barrett Business Services has a 12 month low of $25.58 and a 12 month high of $41.48. The stock has a market capitalization of $1.08 billion, a PE ratio of 21.82, a price-to-earnings-growth ratio of 1.23 and a beta of 1.39.

Insider Activity

In other Barrett Business Services news, CEO Gary Kramer sold 805 shares of Barrett Business Services 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 completion of the sale, the chief executive officer now directly owns 276,831 shares of the company's stock, valued at $9,689,085. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on BBSI shares. Roth Mkm increased their price objective 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 upped their price target on Barrett Business Services from $41.00 to $45.00 and gave the company an "outperform" rating in a research note on Thursday.

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.