Barrett Business Services, Inc. (BBSI) To Go Ex-Dividend on November 20th

Barrett Business Services, Inc. (NASDAQ:BBSI) announced a quarterly dividend on Wednesday, November 4th. Investors of record on Friday, November 20th will be given a dividend of $0.08 per share by the business services provider on Friday, December 4th. This represents a $0.32 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, November 20th.

Barrett Business Services has a payout ratio of 13.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Barrett Business Services to earn $2.01 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 15.9%.

Barrett Business Services Price Performance

Shares of NASDAQ BBSI opened at $30.39 on Friday. The stock has a market capitalization of $736.65 million, a price-to-earnings ratio of 19.24, a PEG ratio of 1.23 and a beta of 0.93. The firm’s 50 day simple moving average is $32.50 and its 200-day simple moving average is $32.89. Barrett Business Services has a 12 month low of $25.33 and a 12 month high of $42.25.

Barrett Business Services (NASDAQ:BBSI) last released its quarterly earnings results on Wednesday, November 4th. The business services provider reported $0.69 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.69. Barrett Business Services had a return on equity of 19.73% and a net margin of 2.44%. The company had revenue of $334.06 million during the quarter, compared to analysts’ expectations of $335.89 million. Analysts anticipate that Barrett Business Services will post 1.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Roth Capital downgraded shares of Barrett Business Services from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $42.00 to $38.00 in a research note on Thursday, August 6th. Barrington Research set a $44.00 price objective on shares of Barrett Business Services in a research note on Thursday, August 6th. Zacks Research upgraded shares of Barrett Business Services from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Barrett Business Services in a research note on Friday, October 9th. Finally, Citigroup restated an “outperform” rating on shares of Barrett Business Services in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $41.00.

About Barrett Business Services

Barrett Business Services, Inc (BBSI) provides business management solutions for small and mid-sized companies in the United States. Its services are designed to help clients manage administrative responsibilities and improve operational efficiency while allowing them to focus on their core businesses.

The company operates primarily through a professional employer organization (PEO) model, providing payroll administration, human resources support, employee benefits administration, workers’ compensation services, and risk management.