Barrett Business Services, Inc. (BBSI) To Go Ex-Dividend on November 21st

Barrett Business Services, Inc. (NASDAQ:BBSI) announced a quarterly dividend on Monday, November 3rd. Investors of record on Friday, November 21st will be given a dividend of 0.08 per share by the business services provider on Friday, December 5th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, November 21st.

Barrett Business Services has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Barrett Business Services has a payout ratio of 13.0% indicating that its dividend is sufficiently covered by earnings. Research 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 Price Performance

Shares of Barrett Business Services stock opened at $35.71 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.35. The firm has a fifty day simple moving average of $42.03 and a 200-day simple moving average of $43.26. The stock has a market capitalization of $915.07 million, a price-to-earnings ratio of 17.59, a PEG ratio of 1.31 and a beta of 1.00. Barrett Business Services has a 1-year low of $33.01 and a 1-year high of $49.65.

Barrett Business Services (NASDAQ:BBSI) last released its earnings results on Wednesday, November 5th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.02). The business had revenue of $318.95 million during the quarter, compared to analyst estimates of $319.27 million. Barrett Business Services had a net margin of 4.49% and a return on equity of 24.59%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the business earned $0.74 EPS. On average, sell-side analysts expect that Barrett Business Services will post 2 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on BBSI shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Barrett Business Services in a research note on Monday. Wall Street Zen cut shares of Barrett Business Services from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, Barrington Research set a $46.00 price target on shares of Barrett Business Services and gave the company an “outperform” rating in a report on Thursday, November 6th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $46.00.

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.