Today’s Price Action: What’s Propelling Ocean Shore Holding Co to Reach Record High?

Today's Price Action: What's Propelling Ocean Shore Holding Co to Reach Record High?

The stock of Ocean Shore Holding Co (NASDAQ:OSHC) reached all time high today, Oct, 28 and still has $47.03 target or 98.00% above today’s $23.75 share price. This indicates more upside for the $157.39M company. This technical setup was reported by Barchart.com. If the $47.03 PT is reached, the company will be worth $154.24 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 30,524 shares traded hands or 144.49% up from the average. Ocean Shore Holding Co (NASDAQ:OSHC) has risen 34.00% since March 28, 2016 and is uptrending. It has outperformed by 29.29% the S&P500.

According to Zacks Investment Research, “Ocean Shore Holding Co. is the holding company for Ocean City Home Bank, a federal savings bank headquartered in Ocean City, New Jersey. The Bank operates a total of six full-service banking offices in southern New Jersey.”

Insitutional Activity: The institutional sentiment decreased to 1.5 in 2016 Q2. Its down 0.90, from 2.4 in 2016Q1. The ratio dropped, as 1 funds sold all Ocean Shore Holding Co shares owned while 7 reduced positions. 2 funds bought stakes while 10 increased positions. They now own 1.34 million shares or 0.96% more from 1.33 million shares in 2016Q1.
Acadian Asset Ltd accumulated 20,524 shares or 0% of the stock. Renaissance Technology Limited Liability holds 0% or 28,519 shares in its portfolio. Dimensional Fund Advsrs Ltd Partnership holds 0% or 109,264 shares in its portfolio. Brandywine Global Inv Limited Liability Company owns 21,400 shares or 0% of their US portfolio. Glenmede Tru Com Na last reported 600 shares in the company. Maltese Cap Mngmt Ltd Co reported 45,000 shares or 0.1% of all its holdings. Sessa Cap Im Ltd Partnership has invested 0.7% of its portfolio in Ocean Shore Holding Co (NASDAQ:OSHC). Oppenheimer & Close Limited Liability Company has 173,363 shares for 2.76% of their US portfolio. Hutchin Hill Lp last reported 0.04% of its portfolio in the stock. Morgan Stanley holds 0% of its portfolio in Ocean Shore Holding Co (NASDAQ:OSHC) for 13,190 shares. Axa has 1,400 shares for 0% of their US portfolio. Deutsche Comml Bank Ag holds 0% or 12,700 shares in its portfolio. Silver Cap Ltd Liability holds 4.41% of its portfolio in Ocean Shore Holding Co (NASDAQ:OSHC) for 54,696 shares. Blackrock Mgmt Limited Liability Corporation holds 0% or 1,013 shares in its portfolio. Gendell Jeffrey L accumulated 73,397 shares or 0.25% of the stock.

More important recent Ocean Shore Holding Co (NASDAQ:OSHC) news were published by: Prnewswire.com which released: “Ocean Shore Holding Co. Reports 3rd Quarter Earnings” on October 25, 2016, also Prnewswire.com published article titled: “Ocean Shore Holding Co. Announces Quarterly Cash Dividend”, Prnewswire.com published: “Ocean Shore Holding Co. Reports 1st Quarter 2015 Earnings” on April 28, 2015. More interesting news about Ocean Shore Holding Co (NASDAQ:OSHC) was released by: Streetinsider.com and their article: “Oceanfirst Financial (OCFC) to Acquire Ocean Shore Holding (OSHC) in ~$145.6M Deal” with publication date: July 13, 2016.

OSHC Company Profile

Ocean Shore Holding Co., incorporated in September 2008, is the holding firm for Ocean City Home Bank (the Bank). The Firm is primarily engaged in the business of directing, planning and coordinating the business activities of the Bank. The Firm operates through the Community Banking segment. The Bank is a federally chartered savings bank. The Bank operates as a community-oriented financial institution offering a range of financial services to clients and businesses in its market area. The Bank accepts deposits from the general public, small businesses and municipalities, and uses those funds to originate a range of consumer and commercial loans, which it holds primarily for investment.

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