Barrett Business Services (BBSI) Stock Price, News & Analysis

Company Overview

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. It offers professional employer services under which it enters into a client services agreement to establish a co-employment relationship with each client company, assuming responsibility for payroll, payroll taxes, workers compensation coverage, and other administration functions for the client's existing workforce. The company provides staffing and recruiting services, such as on-demand or short-term staffing assignment, contract staffing, direct placement, and long-term or indefinite-term on-site management services. It serves electronics manufacturers, light-manufacturing industries, agriculture-based companies, transportation and shipping enterprises, food processors, telecommunications companies, public utilities, general contractors in various construction-related fields, restaurant franchises, and professional services firms. Barrett Business Services, Inc. was incorporated in 1965 and is headquartered in Vancouver, Washington.

Key Stats

• Today's Range: $41.34 to $42.74
• 50-Day Range: $34.57 to $42.88
• 52-Week Range: $26.60 to $43.29
• Volume: 264,502 shs
• Average Volume: 136,589 shs
• Market Capitalization: $1.09 billion
• P/E Ratio: 22.11
• Dividend Yield: 0.76%
• Price Target: $41.67
• Consensus Rating: Moderate Buy

Barrett Business Services Stock Analysis - MarketRank™

Barrett Business Services scored higher than 94% of companies evaluated by MarketBeat, and ranked 24th out of 337 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Barrett Business Services has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Barrett Business Services has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 10.50%

Earnings Growth

Earnings for Barrett Business Services are expected to grow by 10.50% in the coming year, from $2.00 to $2.21 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Barrett Business Services is 22.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.02.

Price to Earnings Ratio vs. Sector

The P/E ratio of Barrett Business Services is 22.11, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 44.99.

Price to Earnings Growth Ratio

Barrett Business Services has a PEG Ratio of 1.43. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Barrett Business Services has a P/B Ratio of 5.05. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.78% of the outstanding shares of Barrett Business Services have been sold short.

Short Interest Ratio / Days to Cover

Barrett Business Services has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Barrett Business Services has recently decreased by 5.35%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Barrett Business Services has a dividend yield of 0.75%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Barrett Business Services does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Barrett Business Services is 16.89%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Barrett Business Services will have a dividend payout ratio of 14.48% next year. This indicates that Barrett Business Services will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 5.0 / 5
• Environmental Score: -0.12

Percentage of Shares Shorted

1.78% of the outstanding shares of Barrett Business Services have been sold short.

Short Interest Ratio / Days to Cover

Barrett Business Services has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Barrett Business Services has recently decreased by 5.35%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.79

News Sentiment

Barrett Business Services has a news sentiment score of 0.79. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 22 news articles for Barrett Business Services this week, compared to 3 articles on an average week.

Search Interest

4 people have searched for BBSI on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Barrett Business Services insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,229,969.00 in company stock.

Percentage Held by Insiders

Only 3.70% of the stock of Barrett Business Services is held by insiders.

Percentage Held by Institutions

86.76% of the stock of Barrett Business Services is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BBSI Stock Analysis - Frequently Asked Questions

How have BBSI shares performed this year?

Barrett Business Services' stock was trading at $28.95 at the start of the year. Since then, BBSI stock has increased by 44.7% and is now trading at $41.90.
View the best growth stocks for 2024 here.

How were Barrett Business Services' earnings last quarter?

Barrett Business Services, Inc. (NASDAQ:BBSI) released its quarterly earnings results on Wednesday, July, 31st. The business services provider reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.04. The company's quarterly revenue was up 5.7% on a year-over-year basis.

When did Barrett Business Services' stock split?

Shares of Barrett Business Services split before market open on Monday, June 24th 2024. The 4-1 split was announced on Monday, June 24th 2024. The newly issued shares were distributed to shareholders after the market closes on Monday, June 24th 2024. An investor that had 100 shares of stock prior to the split would have 400 shares after the split.

Does Barrett Business Services have any subsidiaries?

The following companies are subsidiaries of Barrett Business Services: First Employment Services, Phillips Temps, Strategic Staffing, Pro HR, Associated Insurance Company for Excess, BBS I LLC, and Ecole Insurance Company.

Who are Barrett Business Services' major shareholders?

Barrett Business Services' top institutional investors include Mawer Investment Management Ltd. (7.02%), FMR LLC (6.28%), Royce & Associates LP (3.32%) and Thrivent Financial for Lutherans (1.67%). Insiders that own company stock include Gary Kramer, Thomas J Carley, Anthony Meeker, Jon L Justesen, Thomas B Cusick, Carla A Moradi, Joseph Stephen Clabby and Vincent P Price.
View institutional ownership trends.

How do I buy shares of Barrett Business Services?

Shares of BBSI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Barrett Business Services own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Barrett Business Services investors own include Humana (HUM), NVIDIA (NVDA), Broadcom (AVGO), American Water Works (AWK), Meta Platforms (META), TotalEnergies (TTE) and Voyager Therapeutics (VYGR).

Company Calendar

• Last Earnings: 7/31/2024
• Ex-Dividend for 8/30 Dividend: 8/16/2024
• Dividend Payable: 8/30/2024
• Today: 11/14/2024
• Ex-Dividend for 12/6 Dividend: 11/22/2024
• Dividend Payable: 12/06/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/26/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Help supply services
• Sub-Industry: Human Resource & Employment Services
• Current Symbol: NASDAQ:BBSI
• CUSIP: 06846310
• CIK: 902791
• Web: www.barrettbusiness.com
• Phone: (360) 828-0700
• Fax: 360-828-0701
• Employees: 130,513
• Year Founded: 1951

Price Target and Rating

• Average Stock Price Target: $41.67
• High Stock Price Target: $45.00
• Low Stock Price Target: $35.00
• Potential Upside/Downside: -0.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.8950
• Trailing P/E Ratio: 22.07
• Forward P/E Ratio: 20.92
• P/E Growth: 1.43
• Net Income: $50.61 million
• Net Margins: 4.55%
• Pretax Margin: 6.04%
• Return on Equity: 25.28%
• Return on Assets: 7.04%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.31
• Quick Ratio: 1.27

Sales & Book Value

• Annual Sales: $1.07 billion
• Price / Sales: 1.01
• Cash Flow: $2.13 per share
• Price / Cash Flow: 19.62
• Book Value: $8.30 per share
• Price / Book: 5.04

Miscellaneous

• Outstanding Shares: 25,940,000
• Free Float: 24,977,000
• Market Cap: $1.09 billion
• Optionable: Optionable
• Beta: 1.39