The stock of Ocean Shore Holding Co (NASDAQ:OSHC) reached all time high today, Nov, 7 and still has $40.42 target or 66.00% above today’s $24.35 share price. This indicates more upside for the $158.59M company. This technical setup was reported by Barchart.com. If the $40.42 PT is reached, the company will be worth $104.67 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 12,556 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 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.
Acadian Asset Mngmt Ltd Liability accumulated 20,524 shares or 0% of the stock. Federated Invsts Pa accumulated 153 shares or 0% of the stock. Axa has invested 0% of its portfolio in Ocean Shore Holding Co (NASDAQ:OSHC). Blackrock Investment Lc last reported 0% of its portfolio in the stock. Creative Planning accumulated 87 shares or 0% of the stock. Hutchin Hill Capital Lp owns 70,000 shares or 0.04% of their US portfolio. Morgan Stanley has invested 0% of its portfolio in Ocean Shore Holding Co (NASDAQ:OSHC). Moreover, Dimensional Fund Advsr L P has 0% invested in Ocean Shore Holding Co (NASDAQ:OSHC) for 109,264 shares. The New Jersey-based Hanlon Inv has invested 0.06% in Ocean Shore Holding Co (NASDAQ:OSHC). The New York-based Renaissance Limited Liability Corporation has invested 0% in Ocean Shore Holding Co (NASDAQ:OSHC). Vanguard Gp has 0% invested in the company for 124,639 shares. Oppenheimer Close Limited Co holds 173,363 shares or 2.76% of its portfolio. Deutsche National Bank Ag has invested 0% of its portfolio in Ocean Shore Holding Co (NASDAQ:OSHC). Glenmede Trust Communication Na reported 600 shares or 0% of all its holdings. Quantum Management Ltd Liability Co Nj accumulated 28,110 shares or 0.16% 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.