Last $14.55 USD
Change Today -0.0594 / -0.41%
Volume 5.7K
OSHC On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 07/31/14 All times are local (Market data is delayed by at least 15 minutes).

ocean shore holding co (OSHC) Snapshot

Open
$14.58
Previous Close
$14.61
Day High
$14.58
Day Low
$14.53
52 Week High
08/1/13 - $15.00
52 Week Low
12/16/13 - $13.01
Market Cap
98.3M
Average Volume 10 Days
5.0K
EPS TTM
$0.91
Shares Outstanding
6.8M
EX-Date
07/30/14
P/E TM
16.0x
Dividend
$0.24
Dividend Yield
1.65%
Current Stock Chart for OCEAN SHORE HOLDING CO (OSHC)

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ocean shore holding co (OSHC) Details

Ocean Shore Holding Co. operates as the holding company for Ocean City Home Bank that provides retail banking services to consumers and businesses in Atlantic and Cape May counties, New Jersey. Its deposit products include noninterest-bearing demand accounts, regular savings accounts, certificates of deposit, commercial checking accounts, and sweep accounts, as well as special accounts for realtors, attorneys, and non-profit organizations. The company’s loan products portfolio comprises one- to four-family residential loans, commercial and multi-family real estate loans, construction loans, commercial business loans, and consumer loans that include home equity loans or lines of credit, loans secured by passbook or certificate accounts, secured and unsecured personal loans, and home improvement loans. It also sells insurance products. The company operates through a network of 12 branches in the communities of Ocean City and Marmora in Cape May County; and Linwood, Absecon, Ventnor, Margate, Mays Landing, Egg Harbor Township, and Galloway Township in Atlantic County. Ocean Shore Holding Co. was founded in 1887 and is headquartered in Ocean City, New Jersey.

152 Employees
Last Reported Date: 03/17/14
Founded in 1887

ocean shore holding co (OSHC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $521.4K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $194.7K
Chief Lending Officer and Executive Vice Pres...
Total Annual Compensation: $256.3K
Executive Vice President and Secretary
Total Annual Compensation: $206.8K
Executive Vice President of Lending
Total Annual Compensation: $197.0K
Compensation as of Fiscal Year 2013.

ocean shore holding co (OSHC) Key Developments

Ocean Shore Holding Co. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Ocean Shore Holding Co. reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net interest income increased $355,000, or 5.4%, to $6.9 million compared to $6.5 million in the second quarter of 2013. The increase in net interest income in the second quarter of 2014 compared to the second quarter of 2013 was the result of a decrease in the average cost of interest-bearing liabilities of 11 basis points to 0.94%, a decrease in average interest-bearing liabilities of $15.3 million and an increase in average interest-earning assets of $39.2 million offset by a decrease of 14 basis points in the average yield on interest-earning assets. Income before taxes was $2,391,000 compared to $2,014,000 a year ago. Net income was $1,532,000 or $0.24 per basic and diluted share compared to $1,359,000 or $0.21 per basic and diluted share a year ago. For the six months, the company reported net interest income increased $837,000, or 6.4%, to $13.8 million compared to the same period in the prior year. The increase in net interest income for the six month period was the result of a decrease in the average cost of interest-bearing liabilities of 12 basis points to 0.94%, a decrease in average interest-bearing liabilities of $20.7 million and an increase in average interest-earning assets of $47.9 million offset by a decrease of 18 basis points in the average yield on interest-earning assets. Income before taxes was $4,824,000 compared to $3,923,000 a year ago. Net income was $3,119,000 or $0.49 per diluted share compared to $2,539,000 or $0.39 per diluted share a year ago. Return on average assets was 0.61% compared to 0.48% a year ago. Return on average equity was 5.82% compared to 4.77% a year ago.

Ocean Shore Holding Co. Announces Quarterly Cash Dividend Payable on or About August 22, 2014

The board of directors of Ocean Shore Holding Co. declared a quarterly cash dividend on the company's outstanding shares of common stock. The dividend of $0.06 per share will be paid on or about August 22, 2014 to stockholders of record as of the close of business on August 1, 2014.

Ocean Shore Holding Co. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2014; Reports Net Charge-Offs for the First Quarter Ended March 31, 2014

Ocean Shore Holding Co. reported unaudited earnings results for the first quarter ended March 31, 2014. Interest and dividend income was $8.9 million against $8.7 million last year. Net interest income was $7 million against $6.5 million last year. Income before taxes was $2.4 million against $1.9 million last year. The company announced net income of $1.6 million for the quarter ended March 31, 2014 compared to $1.2 million earned in the first quarter of 2013. Diluted earnings per share were $0.24 for the first quarter of 2014 compared to basic and diluted earnings per share of $0.18 in the first quarter of 2013. Return on average assets was 0.62% against 0.45% last year. Return on average equity was 5.95% against 4.46% last year. The increase in net interest income in the first quarter of 2014 compared to the first quarter of 2013 was the result of a decrease in the average cost of interest-bearing liabilities of 13 basis points to 0.94%, a decrease in average interest-bearing liabilities of $26.1 million and an increase in average interest-earning assets of $56.7 million offset by a decrease of 21 basis points in the average yield on interest-earning assets to 4.05%. For the quarter, net charge-offs was $0.07 million.

 

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Industry Analysis

OSHC

Industry Average

Valuation OSHC Industry Range
Price/Earnings 16.2x
Price/Sales 3.0x
Price/Book 0.9x
Price/Cash Flow 16.6x
TEV/Sales NM Not Meaningful
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