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

Barrett Business Services, Inc. (NASDAQ:BBSI) declared a quarterly dividend on Wednesday, November 4th. Stockholders of record on Friday, November 20th will be paid 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 dividend yield of 1.0%. 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. Equities 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

NASDAQ BBSI opened at $33.10 on Thursday. The firm’s 50-day moving average is $32.57 and its two-hundred day moving average is $32.94. Barrett Business Services has a 12 month low of $25.33 and a 12 month high of $42.25. The stock has a market capitalization of $802.34 million, a P/E ratio of 24.34, a PEG ratio of 1.22 and a beta of 0.93.

Barrett Business Services (NASDAQ:BBSI) last posted its earnings results on Wednesday, November 4th. The business services provider reported $0.69 earnings per share for the quarter, meeting the consensus estimate of $0.69. Barrett Business Services had a net margin of 2.77% and a return on equity of 20.95%. The firm had revenue of $334.06 million during the quarter, compared to the consensus estimate of $335.89 million. As a group, analysts anticipate that Barrett Business Services will post 1.68 EPS for the current year.

Hedge Funds Weigh In On Barrett Business Services

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. CenterBook Partners LP acquired a new stake in shares of Barrett Business Services in the 3rd quarter worth approximately $286,000. Bridge City Capital LLC lifted its holdings in Barrett Business Services by 18.3% in the 3rd quarter. Bridge City Capital LLC now owns 97,841 shares of the business services provider’s stock valued at $2,961,000 after purchasing an additional 15,110 shares in the last quarter. State of Wyoming lifted its stake in shares of Barrett Business Services by 69.3% during the third quarter. State of Wyoming now owns 7,490 shares of the business services provider’s stock valued at $227,000 after buying an additional 3,065 shares during the period. Lakewood Asset Management LLC boosted its holdings in shares of Barrett Business Services by 5.2% during the third quarter. Lakewood Asset Management LLC now owns 14,157 shares of the business services provider’s stock worth $428,000 after purchasing an additional 703 shares during the last quarter. Finally, Pullen Investment Management LLC boosted its stake in Barrett Business Services by 0.6% in the 3rd quarter. Pullen Investment Management LLC now owns 87,922 shares of the business services provider’s stock worth $2,661,000 after buying an additional 550 shares during the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.

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.