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

Barrett Business Services, Inc. (NASDAQ:BBSI) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders of record on Friday, November 22nd will be given 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% meaning 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 Stock Down 0.6 %

Shares of BBSI traded down $0.23 during mid-day trading on Friday, hitting $40.96. 17,351 shares of the company’s stock traded hands, compared to its average volume of 135,430. The firm has a market capitalization of $1.07 billion, a P/E ratio of 22.57, a PEG ratio of 1.23 and a beta of 1.39. The business’s 50-day moving average price is $36.81 and its 200-day moving average price is $34.47. Barrett Business Services has a 1 year low of $25.58 and a 1 year high of $41.23.

Insider Buying and Selling

In other Barrett Business Services news, CEO Gary Kramer sold 34,288 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $35.05, for a total value of $1,201,794.40. Following the sale, the chief executive officer now directly owns 242,543 shares of the company’s stock, valued at approximately $8,501,132.15. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Barrington Research raised their price objective on shares of Barrett Business Services from $41.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday. Roth Mkm increased their price objective on Barrett Business Services from $43.00 to $45.00 and gave the stock a “buy” 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.