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Slideshow Stock Buybacks

By The Online Investor Staff, updated Wed., Mar. 4, 7:41 AM

Slide #2. Ocean Shore Holding Co.

Company: Ocean Shore Holding Co. (NASDAQ:OSHC)
Share Amount Authorized: 2%
Buyback Details: Ocean Shore Holding Co. (Nasdaq: OSHC) today announced that the Company's board of directors has approved the repurchase of up to 130,000 shares of the Company's outstanding common stock, which is approximately 2% of outstanding shares. The Company completed its previously announced stock repurchase program for the purchase of 130,000 shares at an average cost of $14.34 per share. Purchases will be conducted solely through a Rule 10b5-1 repurchase plan with Sandler O'Neill & Partners, L.P. Purchases will be based upon the parameters of the Rule 10b5-1 repurchase plan.

Ocean Shore Holding is a savings and loan holding company. Through its subsidiary, Ocean City Home Bank (the Bank), Co. is engaged in the business of accepting time and demand deposits from the general public, small businesses and municipalities, and investing such deposits primarily in residential mortgage loans, consumer loans and small commercial loans. Co. also maintains an investment portfolio consisting primarily of mortgage-backed securities. The Bank's market area consists of Atlantic and Cape May counties, NJ. As of Dec 31 2013, Co. had total assets of $1.02 billion and deposits of $780.6 million.
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Company Name:  Ocean Shore Holding Co
Sector:  Banking & Savings
Number of ETFs Holding OSHC:  1
Total Market Value Held by ETFs:  $238800
Total Market Capitalization:  $93.00M
% of Market Cap. Held by ETFs:  0.26%
 

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March 4, 2015    7:41 AM Eastern
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