The stock of Ocean Shore Holding Co (NASDAQ:OSHC) reached all time high today, Nov, 14 and still has $46.89 target or 80.00% above today’s $26.05 share price. This indicates more upside for the $175.28M company. This technical setup was reported by Barchart.com. If the $46.89 PT is reached, the company will be worth $140.22 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 27,522 shares traded hands or 61.68% up from the average. Ocean Shore Holding Co (NASDAQ:OSHC) has risen 48.33% since April 12, 2016 and is uptrending. It has outperformed by 43.34% 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 worsened, 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.
The New York-based Oppenheimer & Close has invested 2.76% in Ocean Shore Holding Co (NASDAQ:OSHC). Moreover, Axa has 0% invested in Ocean Shore Holding Co (NASDAQ:OSHC) for 1,400 shares. Dimensional Fund Advsr Limited Partnership, a Texas-based fund reported 109,264 shares. Vanguard Group last reported 124,639 shares in the company. Moreover, Hutchin Hill Capital L P has 0.04% invested in Ocean Shore Holding Co (NASDAQ:OSHC) for 70,000 shares. The Pennsylvania-based Federated Investors Pa has invested 0% in Ocean Shore Holding Co (NASDAQ:OSHC). Silver Capital Mngmt Ltd accumulated 4.41% or 54,696 shares. Brandywine Global Investment Mgmt Limited Co holds 0% or 21,400 shares in its portfolio. Tower Rech Cap Ltd Liability (Trc) holds 0% of its portfolio in Ocean Shore Holding Co (NASDAQ:OSHC) for 614 shares. Blackrock Fund Advisors accumulated 0% or 20,101 shares. Renaissance Lc has 28,519 shares for 0% of their US portfolio. The Kansas-based Creative Planning has invested 0% in Ocean Shore Holding Co (NASDAQ:OSHC). Bridgeway Cap Management owns 149,737 shares or 0.04% of their US portfolio. Alliancebernstein Ltd Partnership reported 68,607 shares or 0% of all its holdings. Morgan Stanley has invested 0% of its portfolio in Ocean Shore Holding Co (NASDAQ:OSHC).
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. Reports 1st Quarter 2015 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. Announces Quarterly Cash Dividend” with publication date: October 19, 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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