Barrett Business Services, Inc. (NASDAQ:BBSI – Get Rating) – Barrington Research raised their FY2022 earnings per share (EPS) estimates for shares of Barrett Business Services in a research note issued to investors on Thursday, November 3rd. Barrington Research analyst V. Colicchio now forecasts that the business services provider will post earnings per share of $6.62 for the year, up from their previous estimate of $6.30. The consensus estimate for Barrett Business Services’ current full-year earnings is $6.55 per share. Barrington Research also issued estimates for Barrett Business Services’ FY2023 earnings at $7.20 EPS.

Several other research firms have also issued reports on BBSI. TheStreet raised shares of Barrett Business Services from a “c+” rating to a “b” rating in a research report on Friday, August 19th. StockNews.com raised shares of Barrett Business Services from a “buy” rating to a “strong-buy” rating in a report on Friday.

Barrett Business Services Stock Performance

NASDAQ:BBSI opened at $89.47 on Monday. The company has a 50-day moving average of $81.62 and a 200-day moving average of $78.02. Barrett Business Services has a 52 week low of $57.76 and a 52 week high of $93.25. The company has a market capitalization of $634.25 million, a price-to-earnings ratio of 14.05, a PEG ratio of 1.02 and a beta of 1.31.

Institutional Trading of Barrett Business Services

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Prudential Financial Inc. grew its holdings in Barrett Business Services by 6.2% during the third quarter. Prudential Financial Inc. now owns 35,771 shares of the business services provider’s stock valued at $2,790,000 after purchasing an additional 2,090 shares during the period. Teacher Retirement System of Texas bought a new position in shares of Barrett Business Services during the third quarter worth $769,000. Great West Life Assurance Co. Can acquired a new position in shares of Barrett Business Services in the 3rd quarter valued at $36,000. SG Americas Securities LLC acquired a new position in shares of Barrett Business Services in the 3rd quarter valued at $109,000. Finally, US Bancorp DE increased its position in shares of Barrett Business Services by 735.5% in the 3rd quarter. US Bancorp DE now owns 518 shares of the business services provider’s stock valued at $40,000 after buying an additional 456 shares in the last quarter.

Insider Buying and Selling at Barrett Business Services

In other news, Director Jon L. Justesen sold 2,836 shares of Barrett Business Services stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $84.44, for a total transaction of $239,471.84. Following the completion of the sale, the director now owns 7,777 shares in the company, valued at approximately $656,689.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Jon L. Justesen sold 2,836 shares of the firm’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $84.44, for a total value of $239,471.84. Following the transaction, the director now directly owns 7,777 shares in the company, valued at approximately $656,689.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anthony Meeker sold 1,821 shares of Barrett Business Services stock in a transaction on Friday, September 16th. The stock was sold at an average price of $79.27, for a total value of $144,350.67. Following the sale, the director now directly owns 15,721 shares of the company’s stock, valued at $1,246,203.67. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

Barrett Business Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 18th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, November 17th. This represents a $1.20 dividend on an annualized basis and a yield of 1.34%. Barrett Business Services’s payout ratio is presently 18.84%.

Barrett Business Services Company Profile

(Get Rating)

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.

Featured Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Barrett Business Services, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Barrett Business Services wasn’t on the list.

While Barrett Business Services currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here