Barrett Business Services, Inc. (BBSI) Plans $0.25 Quarterly Dividend

Barrett Business Services, Inc. (NASDAQ:BBSI) declared a quarterly dividend on Monday, May 6th, Wall Street Journal reports. Shareholders of record on Friday, May 17th will be paid a dividend of 0.25 per share by the business services provider on Friday, May 31st. This represents a $1.00 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Thursday, May 16th.

Barrett Business Services has raised its dividend payment by an average of 4.4% per year over the last three years. Barrett Business Services has a payout ratio of 23.4% meaning its dividend is sufficiently covered by earnings.

Shares of Barrett Business Services stock opened at $75.68 on Friday. The stock has a market capitalization of $560.79 million, a price-to-earnings ratio of 15.20 and a beta of 0.82. The company has a quick ratio of 0.98, a current ratio of 0.94 and a debt-to-equity ratio of 0.19. Barrett Business Services has a one year low of $53.10 and a one year high of $98.76.



Barrett Business Services (NASDAQ:BBSI) last announced its earnings results on Tuesday, April 30th. The business services provider reported ($0.31) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.81) by $0.50. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.39 billion. Barrett Business Services had a net margin of 4.80% and a return on equity of 42.37%. On average, sell-side analysts anticipate that Barrett Business Services will post 5.5 EPS for the current year.

A number of brokerages have commented on BBSI. BidaskClub upgraded shares of Barrett Business Services from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 6th. Zacks Investment Research upgraded shares of Barrett Business Services from a “hold” rating to a “strong-buy” rating and set a $92.00 target price for the company in a report on Monday, March 4th. Finally, Roth Capital boosted their target price on shares of Barrett Business Services from $100.00 to $109.00 and gave the stock a “buy” rating in a report on Thursday, February 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Barrett Business Services currently has a consensus rating of “Buy” and a consensus price target of $97.00.

In other news, Director Thomas J. Carley sold 5,561 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $81.65, for a total transaction of $454,055.65. Following the transaction, the director now owns 28,542 shares in the company, valued at $2,330,454.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Anthony Meeker sold 2,332 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $76.49, for a total transaction of $178,374.68. Following the transaction, the director now owns 10,327 shares in the company, valued at approximately $789,912.23. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,572 shares of company stock worth $1,254,276. Corporate insiders own 6.60% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Barrett Business Services, Inc. (BBSI) Plans $0.25 Quarterly Dividend” was originally published by Dakota Financial News and is the property of of Dakota Financial News. If you are accessing this report on another domain, it was illegally stolen and republished in violation of international copyright legislation. The correct version of this report can be read at https://dakotafinancialnews.com/2019/05/11/barrett-business-services-inc-bbsi-plans-0-25-quarterly-dividend-2.html.

About Barrett Business Services

Barrett Business Services, Inc provides business management solutions for small and mid-sized companies in the United States. It develops a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry. The company 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.

Further Reading: Candlestick

Dividend History for Barrett Business Services (NASDAQ:BBSI)

Receive News & Ratings for Barrett Business Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrett Business Services and related companies with MarketBeat.com's FREE daily email newsletter.