The stock of Ocean Shore Holding Co (NASDAQ:OSHC) hit a new 52-week high and has $46.45 target or 73.00% above today’s $26.85 share price. The 7 months bullish chart indicates low risk for the $178.48 million company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $46.45 price target is reached, the company will be worth $130.29M 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 14,342 shares traded hands. Ocean Shore Holding Co (NASDAQ:OSHC) has risen 50.82% since April 19, 2016 and is uptrending. It has outperformed by 46.96% 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 1.07 in Q2 2016. Its down 0.43, from 1.5 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.
Quantum Mngmt Limited Liability Nj holds 0.16% or 28,110 shares in its portfolio. Gendell Jeffrey L holds 0.25% of its portfolio in Ocean Shore Holding Co (NASDAQ:OSHC) for 73,397 shares. Dimensional Fund Advsrs Limited Partnership holds 109,264 shares or 0% of its portfolio. Renaissance Techs Limited Liability accumulated 28,519 shares or 0% of the stock. Bridgeway has 149,737 shares for 0.04% of their US portfolio. Creative Planning last reported 87 shares in the company. Brandes Prtnrs L P owns 54,380 shares or 0.01% of their US portfolio. Deutsche Fincl Bank Ag holds 12,700 shares or 0% of its portfolio. Brandywine Invest Mngmt Lc holds 0% of its portfolio in Ocean Shore Holding Co (NASDAQ:OSHC) for 21,400 shares. Alliancebernstein Limited Partnership reported 68,607 shares or 0% of all its holdings. Sessa Cap Im Ltd Partnership has invested 0.7% of its portfolio in Ocean Shore Holding Co (NASDAQ:OSHC). Axa holds 0% of its portfolio in Ocean Shore Holding Co (NASDAQ:OSHC) for 1,400 shares. Raffles Associates Limited Partnership holds 1.24% of its portfolio in Ocean Shore Holding Co (NASDAQ:OSHC) for 71,900 shares. Moreover, Hanlon Investment Mngmt has 0.06% invested in Ocean Shore Holding Co (NASDAQ:OSHC) for 38,137 shares. Blackrock Investment Management Ltd Limited Liability Company has 0% invested in the company for 1,013 shares.
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 1st Quarter 2015 Earnings”, Nasdaq.com published: “Ocean Shore Holding Co. (OSHC) Ex-Dividend Date Scheduled for August 03, 2016” on July 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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