Barrett Business Services’ (BBSI) Outperform Rating Reaffirmed at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Barrett Business Services (NASDAQ:BBSI) in a research report report published on Tuesday morning,Benzinga reports. The firm currently has a $49.00 price objective on the business services provider’s stock.

Other research analysts have also issued reports about the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Barrett Business Services in a research report on Tuesday, October 14th. Wall Street Zen lowered Barrett Business Services from a “buy” rating to a “hold” rating in a research report on Saturday. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $47.00.

Barrett Business Services Trading Down 0.4%

BBSI opened at $41.37 on Tuesday. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 1.35 and a beta of 0.96. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.35. Barrett Business Services has a 12 month low of $36.18 and a 12 month high of $49.65. The stock has a fifty day moving average price of $45.36 and a 200-day moving average price of $43.59.

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

Barrett Business Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were paid a $0.08 dividend. The ex-dividend date was Friday, August 22nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.8%. Barrett Business Services’s dividend payout ratio is presently 15.76%.

Insider Transactions at Barrett Business Services

In other news, COO Gerald Blotz sold 11,664 shares of the company’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $46.08, for a total value of $537,477.12. Following the sale, the chief operating officer owned 197,432 shares in the company, valued at $9,097,666.56. This represents a 5.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anthony Meeker sold 3,064 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $46.78, for a total value of $143,333.92. Following the completion of the sale, the director owned 54,601 shares in the company, valued at $2,554,234.78. The trade was a 5.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 110,438 shares of company stock valued at $5,296,983. 4.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Barrett Business Services

Hedge funds have recently bought and sold shares of the business. Private Trust Co. NA purchased a new position in Barrett Business Services during the first quarter worth approximately $33,000. Tripletail Wealth Management LLC acquired a new position in shares of Barrett Business Services during the third quarter valued at approximately $34,000. Farther Finance Advisors LLC raised its holdings in shares of Barrett Business Services by 1,388.3% during the third quarter. Farther Finance Advisors LLC now owns 893 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 833 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Barrett Business Services during the third quarter valued at approximately $66,000. Finally, Quantbot Technologies LP acquired a new position in shares of Barrett Business Services during the first quarter valued at approximately $75,000. Hedge funds and other institutional investors own 86.76% of the company’s stock.

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.