Barrett Business Services (NASDAQ:BBSI) Earns Outperform Rating from Barrington Research

Barrington Research restated their outperform rating on shares of Barrett Business Services (NASDAQ:BBSI) in a report published on Wednesday,Benzinga reports. The brokerage currently has a $45.00 price target on the business services provider’s stock. Barrington Research also issued estimates for Barrett Business Services’ Q1 2025 earnings at ($0.12) EPS, Q2 2025 earnings at $0.70 EPS, Q3 2025 earnings at $0.86 EPS, Q4 2025 earnings at $0.74 EPS, FY2025 earnings at $2.17 EPS and FY2026 earnings at $2.40 EPS.

Separately, StockNews.com raised Barrett Business Services from a “hold” rating to a “buy” rating in a report on Friday, March 7th.

Barrett Business Services Price Performance

Shares of Barrett Business Services stock opened at $39.83 on Wednesday. The business has a 50 day simple moving average of $41.90 and a two-hundred day simple moving average of $40.27. Barrett Business Services has a 12 month low of $28.42 and a 12 month high of $44.97. The stock has a market capitalization of $1.03 billion, a P/E ratio of 21.02, a PEG ratio of 1.21 and a beta of 1.31.

Barrett Business Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.08 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.80%. Barrett Business Services’s dividend payout ratio is presently 16.08%.

Institutional Investors Weigh In On Barrett Business Services

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC increased its holdings in shares of Barrett Business Services by 42.9% in the third quarter. Barclays PLC now owns 61,332 shares of the business services provider’s stock valued at $2,300,000 after purchasing an additional 18,414 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Barrett Business Services by 19.3% in the third quarter. JPMorgan Chase & Co. now owns 546,510 shares of the business services provider’s stock valued at $20,500,000 after acquiring an additional 88,350 shares in the last quarter. Mawer Investment Management Ltd. raised its stake in shares of Barrett Business Services by 236.4% in the third quarter. Mawer Investment Management Ltd. now owns 1,834,452 shares of the business services provider’s stock valued at $68,810,000 after acquiring an additional 1,289,147 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Barrett Business Services by 4.8% in the third quarter. Geode Capital Management LLC now owns 705,598 shares of the business services provider’s stock valued at $26,471,000 after acquiring an additional 32,632 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in Barrett Business Services by 29.7% in the third quarter. Principal Financial Group Inc. now owns 17,300 shares of the business services provider’s stock valued at $649,000 after buying an additional 3,960 shares in the last quarter. Institutional investors and hedge funds own 86.76% of the company’s stock.

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.