The stock of Ocean Shore Holding Co (NASDAQ:OSHC) hit a new 52-week high and has $51.08 target or 114.00% above today’s $23.87 share price. The 5 months bullish chart indicates low risk for the $154.84M company. The 1-year high was reported on Nov, 2 by Barchart.com. If the $51.08 price target is reached, the company will be worth $176.52M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 2,710 shares traded hands. Ocean Shore Holding Co (NASDAQ:OSHC) has risen 37.27% since March 31, 2016 and is uptrending. It has outperformed by 34.75% 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 turned negative, 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.
Hutchin Hill Capital Limited Partnership last reported 70,000 shares in the company. Deutsche Bancorp Ag reported 12,700 shares or 0% of all its holdings. Acadian Asset Management Llc holds 0% or 20,524 shares in its portfolio. Federated Investors Pa accumulated 153 shares or 0% of the stock. Gendell Jeffrey L has 73,397 shares for 0.25% of their US portfolio. Morgan Stanley reported 13,190 shares or 0% of all its holdings. Blackrock Fund Advsrs last reported 20,101 shares in the company. Tower Rech Capital Limited Company (Trc) has 614 shares for 0% of their US portfolio. Quantum Mngmt Ltd Nj last reported 28,110 shares in the company. Renaissance Ltd Limited Liability Company holds 28,519 shares or 0% of its portfolio. Moreover, Alliancebernstein L P has 0% invested in Ocean Shore Holding Co (NASDAQ:OSHC) for 68,607 shares. Axa holds 1,400 shares or 0% of its portfolio. Brandywine Glob Inv Mngmt Ltd Limited Liability Company accumulated 0% or 21,400 shares. Creative Planning holds 0% or 87 shares in its portfolio. Blackrock Invest Management Limited Co has invested 0% of its portfolio in Ocean Shore Holding Co (NASDAQ:OSHC).
More notable 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 with their article: “Ocean Shore Holding Co. Announces Quarterly Cash Dividend” published on October 19, 2016, 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) were released by: Businesswire.com and their article: “Ocean Shore Holding Co. Shareholder Alert: Former SEC Attorney Willie Briscoe …” published on July 14, 2016 as well as Streetinsider.com‘s news article titled: “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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