Ocean Shore Holding Co(NASDAQ:OSHC) Declares Dividend of $0.0600.

Ocean Shore Holding Co (NASDAQ:OSHC) had declared a cash dividend of $0.0600 on Jul 22, 2016. The shares will quote ex-dividend on Aug 3, 2016 and the record date has been fixed for Aug 5, 2016. On Jul 22, 2016 share price, the yield comes out to be 1.0969%. The dividend payable date has been fixed on Aug 26, 2016.

Ocean Shore Holding Co (OSHC) made into the market gainers list on Thursdays trading session with the shares advancing 0.37% or 0.08 points. Due to strong positive momentum, the stock ended at $21.97, which is also near the day’s high of $22. The stock began the session at $21.76 and the volume stood at 16,023 shares. The 52-week high of the shares is $22.15 and the 52 week low is $14.78. The company has a current market capitalization of $141 M and it has 64,11,678 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Sep 8, 2015, Samuel Young (director) sold 6,000 shares at $15.43 per share price.Also, On Aug 6, 2015, John Van Duyne (director) sold 900 shares at $15.20 per share price.On May 19, 2015, Steven E Brady (Pres. & Chief Exec. Officer) sold 9,826 shares at $15.14 per share price, according to the Form-4 filing with the securities and exchange commission.

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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