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

Barrett Business Services, Inc. (NASDAQ:BBSI - Get Free Report) declared a quarterly dividend on Monday, February 24th, Wall Street Journal reports. Investors of record on Friday, March 14th will be paid a dividend of 0.08 per share by the business services provider on Friday, March 28th. This represents a $0.32 annualized dividend and a yield of 0.80%. The ex-dividend date is Friday, March 14th.

Barrett Business Services has increased its dividend payment by an average of 1.1% annually over the last three years. Barrett Business Services has a dividend payout ratio of 12.5% 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 Trading Down 0.2 %

Barrett Business Services stock traded down $0.07 during mid-day trading on Monday, hitting $40.18. The company had a trading volume of 167,053 shares, compared to its average volume of 103,621. Barrett Business Services has a 12-month low of $28.42 and a 12-month high of $44.97. The company's fifty day moving average is $42.58 and its 200-day moving average is $40.06. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 21.20, a P/E/G ratio of 1.21 and a beta of 1.41.

Insider Activity

In other Barrett Business Services news, Director Thomas B. Cusick sold 3,000 shares of the firm's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $43.41, for a total value of $130,230.00. Following the transaction, the director now owns 27,776 shares in the company, valued at approximately $1,205,756.16. This trade represents a 9.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.70% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts have commented on BBSI shares. Roth Mkm upped their price objective on Barrett Business Services from $43.00 to $45.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Barrington Research restated an "outperform" rating and issued a $45.00 price objective on shares of Barrett Business Services in a research report on Wednesday, December 11th. Finally, StockNews.com lowered Barrett Business Services from a "buy" rating to a "hold" rating in a research report 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.