November 17, 2016 - By Clifton Ray · 0 Comments
Ocean Shore Holding Co (NASDAQ:OSHC) institutional sentiment decreased to 1.5 in 2016 Q2. Its down -0.90, from 2.4 in 2016Q1. The ratio fall, as 12 funds started new and increased equity positions, while 8 cut down and sold their positions in Ocean Shore Holding Co. The funds in our partner’s database now own: 1.34 million shares, up from 1.33 million shares in 2016Q1. Also, the number of funds holding Ocean Shore Holding Co in their top 10 equity positions increased from 0 to 1 for an increase of 1. Sold All: 1 Reduced: 7 Increased: 10 New Position: 2.
Ocean Shore Holding Co. is the holding firm for Ocean City Home Bank . The company has a market cap of $172.54 million. The Firm is primarily engaged in the business of directing, planning and coordinating the business activities of the Bank. It has a 23.53 P/E ratio. The Firm operates through the Community Banking segment.
The stock decreased 0.57% or $0.15 on November 16, hitting $26.25. Ocean Shore Holding Co (NASDAQ:OSHC) has risen 49.38% since April 15, 2016 and is uptrending. It has outperformed by 44.75% 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.”
Silver Capital Management Llc holds 4.41% of its portfolio in Ocean Shore Holding Co for 54,696 shares. Oppenheimer & Close Llc owns 173,363 shares or 2.76% of their US portfolio. Moreover, Raffles Associates Lp has 1.24% invested in the company for 71,900 shares. The New York-based Sessa Capital Im L.P. has invested 0.7% in the stock. Gendell Jeffrey L, a Connecticut-based fund reported 73,397 shares.#img1#
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.
More recent Ocean Shore Holding Co (NASDAQ:OSHC) news were published by: Prnewswire.com which released: “Ocean Shore Holding Co. Reports 1st Quarter 2015 Earnings” on April 28, 2015. Also Streetinsider.com published the news titled: “Oceanfirst Financial (OCFC) to Acquire Ocean Shore Holding (OSHC) in ~$145.6M Deal” on July 13, 2016. Prnewswire.com‘s news article titled: “Ocean Shore Holding Co. Announces Quarterly Cash Dividend” with publication date: October 19, 2016 was also an interesting one.
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By Clifton Ray