The stock of Ocean Shore Holding Co (NASDAQ:OSHC) reached all time high today, Nov, 22 and still has $28.72 target or 5.00% above today’s $27.35 share price. This indicates more upside for the $180.40M company. This technical setup was reported by Barchart.com. If the $28.72 PT is reached, the company will be worth $9.02M 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 15,999 shares traded hands. Ocean Shore Holding Co (NASDAQ:OSHC) has risen 53.47% since April 20, 2016 and is uptrending. It has outperformed by 48.92% 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.
Bridgeway Cap Mngmt accumulated 0.04% or 149,737 shares. Deutsche National Bank & Trust Ag accumulated 12,700 shares or 0% of the stock. Creative Planning has 87 shares for 0% of their US portfolio. Tower Research Llc (Trc), a New York-based fund reported 614 shares. Blackrock Fund Advisors last reported 20,101 shares in the company. Vanguard Inc holds 0% or 124,639 shares in its portfolio. Brandywine Glob Invest Mngmt Limited Liability Corp accumulated 0% or 21,400 shares. Hanlon Mgmt reported 38,137 shares or 0.06% of all its holdings. The Texas-based Dimensional Fund Advsrs Ltd Partnership has invested 0% in Ocean Shore Holding Co (NASDAQ:OSHC). Blackrock Invest Mngmt Lc last reported 1,013 shares in the company. Alliancebernstein Ltd Partnership last reported 0% of its portfolio in the stock. Renaissance Technologies Ltd Liability Corp holds 0% of its portfolio in Ocean Shore Holding Co (NASDAQ:OSHC) for 28,519 shares. Gendell Jeffrey L reported 73,397 shares or 0.25% of all its holdings. The California-based Brandes Invest Lp has invested 0.01% in Ocean Shore Holding Co (NASDAQ:OSHC). Silver Management Lc holds 54,696 shares or 4.41% of its portfolio.
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”, 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: Nasdaq.com and their article: “Ocean Shore Holding Co. (OSHC) Ex-Dividend Date Scheduled for August 03, 2016” with publication date: July 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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