The stock of Ocean Shore Holding Co (NASDAQ:OSHC) hit a new 52-week high and has $61.86 target or 153.00% above today’s $24.45 share price. The 6 months bullish chart indicates low risk for the $159.24M company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $61.86 price target is reached, the company will be worth $243.64M 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 11,656 shares traded hands. Ocean Shore Holding Co (NASDAQ:OSHC) has risen 35.82% since April 5, 2016 and is uptrending. It has outperformed by 33.86% 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 Q2 2016. Its down 0.90, from 2.4 in 2016Q1. The ratio is 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.
Brandes Investment Prtnrs Lp owns 54,380 shares or 0.01% of their US portfolio. Federated Invsts Inc Pa holds 0% or 153 shares in its portfolio. Oppenheimer & Close Ltd Com has 2.76% invested in the company for 173,363 shares. Acadian Asset Ltd Com holds 0% or 20,524 shares in its portfolio. Bridgeway Cap Management owns 149,737 shares or 0.04% of their US portfolio. The New York-based Renaissance Techs Ltd Liability Corp has invested 0% in Ocean Shore Holding Co (NASDAQ:OSHC). Morgan Stanley accumulated 13,190 shares or 0% of the stock. Brandywine Glob Inv Llc reported 21,400 shares or 0% of all its holdings. Blackrock Management Limited Liability holds 0% of its portfolio in Ocean Shore Holding Co (NASDAQ:OSHC) for 1,013 shares. Blackrock Fund Advsrs holds 0% or 20,101 shares in its portfolio. Dimensional Fund Advisors L P accumulated 0% or 109,264 shares. Hanlon Inv Mgmt owns 38,137 shares or 0.06% of their US portfolio. Deutsche National Bank & Trust Ag last reported 12,700 shares in the company. Moreover, Alliancebernstein Lp has 0% invested in Ocean Shore Holding Co (NASDAQ:OSHC) for 68,607 shares. Raffles Assoc Ltd Partnership accumulated 71,900 shares or 1.24% of the stock.
More important recent Ocean Shore Holding Co (NASDAQ:OSHC) news were published by: Prnewswire.com which released: “Ocean Shore Holding Co. Announces Quarterly Cash Dividend” on October 19, 2016, also Prnewswire.com published article titled: “Ocean Shore Holding Co. Reports 3rd Quarter Earnings”, Streetinsider.com published: “Oceanfirst Financial (OCFC) to Acquire Ocean Shore Holding (OSHC) in ~$145.6M Deal” on July 13, 2016. More interesting news about Ocean Shore Holding Co (NASDAQ:OSHC) was released by: Prnewswire.com and their article: “Ocean Shore Holding Co. Reports 1st Quarter 2015 Earnings” with publication date: April 28, 2015.
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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