Barrett Business Services, Inc. (BBSI) – What Are Brokerages Saying About This Stock?

Barrett Business Services, Inc. (NASDAQ:BBSI) has been assigned an average rating of “Moderate Buy” from the six research firms that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $41.00.

A number of equities research analysts recently issued reports on the company. Barrington Research set a $44.00 price target on Barrett Business Services in a research report on Thursday, August 6th. Roth Capital cut Barrett Business Services from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $42.00 to $38.00 in a report on Thursday, August 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Barrett Business Services in a research report on Friday, October 9th. Citigroup reiterated an “outperform” rating on shares of Barrett Business Services in a research report on Thursday, August 6th. Finally, Zacks Research raised Barrett Business Services from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th.

Institutional Investors Weigh In On Barrett Business Services

A number of large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. raised its position in shares of Barrett Business Services by 7.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 265,390 shares of the business services provider’s stock valued at $8,031,000 after buying an additional 18,882 shares in the last quarter. Riverbridge Partners LLC boosted its position in shares of Barrett Business Services by 4.0% during the 3rd quarter. Riverbridge Partners LLC now owns 178,096 shares of the business services provider’s stock worth $5,389,000 after acquiring an additional 6,891 shares in the last quarter. CenterBook Partners LP acquired a new stake in shares of Barrett Business Services during the 3rd quarter worth approximately $286,000. Bridge City Capital LLC boosted its position in shares of Barrett Business Services by 18.3% during the 3rd quarter. Bridge City Capital LLC now owns 97,841 shares of the business services provider’s stock worth $2,961,000 after acquiring an additional 15,110 shares in the last quarter. Finally, State of Wyoming increased its stake in Barrett Business Services by 69.3% in the third quarter. State of Wyoming now owns 7,490 shares of the business services provider’s stock valued at $227,000 after acquiring an additional 3,065 shares during the last quarter. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Barrett Business Services Stock Down 1.6%

Shares of NASDAQ:BBSI opened at $29.91 on Friday. The company’s 50 day moving average price is $32.41 and its two-hundred day moving average price is $32.85. Barrett Business Services has a 12-month low of $25.33 and a 12-month high of $42.25. The firm has a market cap of $725.02 million, a PE ratio of 23.74, a PEG ratio of 1.14 and a beta of 0.93.

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, meeting analysts’ consensus estimates of $0.69. Barrett Business Services had a net margin of 2.44% and a return on equity of 19.73%. The company had revenue of $334.06 million during the quarter, compared to the consensus estimate of $335.89 million. On average, research analysts expect that Barrett Business Services will post 1.62 EPS for the current year.

Barrett Business Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 20th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, November 20th. Barrett Business Services’s payout ratio is 25.40%.

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.