Context Bh Capital Management Lp buys $894,845 stake in Ocean Shore Holding Co (OSHC)

Ocean Shore Holding Co (OSHC) : Context Bh Capital Management Lp scooped up 1,619 additional shares in Ocean Shore Holding Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 40,954 shares of Ocean Shore Holding Co which is valued at $894,845.Ocean Shore Holding Co makes up approximately 0.63% of Context Bh Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc added OSHC to its portfolio by purchasing 20 company shares during the most recent quarter which is valued at $438.Acadian Asset Management boosted its stake in OSHC in the latest quarter, The investment management firm added 7,044 additional shares and now holds a total of 20,524 shares of Ocean Shore Holding Co which is valued at $451,323.

Ocean Shore Holding Co opened for trading at $21.96 and hit $22.09 on the upside on Monday, eventually ending the session at $22.03, with a gain of 0.46% or 0.1 points. The heightened volatility saw the trading volume jump to 13,248 shares. Company has a market cap of $142 M.

Ocean Shore Holding Co. is a savings and loan holding company for Ocean City Home Bank (the Bank). The Company is primarily engaged in the business of directing planning and coordinating the business activities of the Bank. The Bank is a federally chartered savings bank that offers a range of financial services to consumers 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. The Company’s lending products include residential mortgage loans commercial loans and mortgages and home equity and other consumer loans. It also maintains an investment portfolio consisting primarily of mortgage-backed securities to manage its liquidity and interest rate risk. Its loan and investment portfolios are funded with deposits as well as collateralized borrowings from the Federal Home Loan Bank of New York.

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