Barrett Business Services, Inc. (NASDAQ:BBSI) Stock Holdings Lifted by US Bancorp DE

US Bancorp DE boosted its stake in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 3,939.3% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,524 shares of the business services provider’s stock after purchasing an additional 4,412 shares during the period. US Bancorp DE’s holdings in Barrett Business Services were worth $186,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Private Trust Co. NA acquired a new position in Barrett Business Services during the 1st quarter valued at $33,000. Perkins Coie Trust Co grew its holdings in shares of Barrett Business Services by 10.0% in the 1st quarter. Perkins Coie Trust Co now owns 4,400 shares of the business services provider’s stock worth $181,000 after purchasing an additional 400 shares during the last quarter. Two Sigma Securities LLC bought a new stake in Barrett Business Services during the 4th quarter worth about $218,000. Brevan Howard Capital Management LP grew its holdings in Barrett Business Services by 10.8% during the 4th quarter. Brevan Howard Capital Management LP now owns 6,773 shares of the business services provider’s stock worth $294,000 after acquiring an additional 660 shares during the last quarter. Finally, First Trust Advisors LP bought a new position in shares of Barrett Business Services in the 4th quarter valued at about $298,000. 86.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BBSI has been the topic of a number of analyst reports. Barrington Research increased their price target on shares of Barrett Business Services from $45.00 to $49.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Wall Street Zen raised shares of Barrett Business Services from a “hold” rating to a “buy” rating in a research note on Saturday.

Barrett Business Services Price Performance

NASDAQ:BBSI opened at $46.03 on Friday. 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 $43.70 and a 200 day simple moving average of $41.95. Barrett Business Services, Inc. has a 1-year low of $34.36 and a 1-year high of $48.48. The stock has a market capitalization of $1.18 billion, a PE ratio of 22.67, a P/E/G ratio of 1.52 and a beta of 1.02.

Barrett Business Services (NASDAQ:BBSI) last posted its earnings results on Wednesday, August 6th. The business services provider reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.05. Barrett Business Services had a return on equity of 24.59% and a net margin of 4.49%. The company had revenue of $307.70 million during the quarter, compared to the consensus estimate of $299.95 million. During the same quarter last year, the firm earned $0.62 earnings per share. The company’s revenue was up 10.0% on a year-over-year basis. On average, research analysts expect that Barrett Business Services, Inc. will post 2 EPS for the current fiscal year.

Barrett Business Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 22nd will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, August 22nd. Barrett Business Services’s payout ratio is 15.76%.

Insider Buying and Selling

In related news, Director Anthony Meeker sold 7,380 shares of the business’s stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $42.14, for a total value of $310,993.20. Following the completion of the transaction, the director owned 55,504 shares of the company’s stock, valued at $2,338,938.56. The trade was a 11.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas B. Cusick sold 3,064 shares of the business’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $47.64, for a total value of $145,968.96. Following the transaction, the director directly owned 27,776 shares of the company’s stock, valued at approximately $1,323,248.64. The trade was a 9.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,771 shares of company stock worth $2,154,641 in the last ninety days. 4.10% of the stock is owned by company insiders.

About Barrett Business Services

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.