Stifel Nicolaus Initiates Coverage on Regional, S&L, Money Center Banks

Stifel Nicolaus initiated coverage on a number of regional, S&L, and money center banks this morning:

with a Buy rating:

• Chicopee Bancorp (Nasdaq: CBNK)
  
• Danvers Bancorp (Nasdaq: DNBK)
  
• Cape Bancorp (Nasdaq: CBNJ)
  
• ESSA Bancorp (Nasdaq: ESSA)
  
• Legacy Bancorp (Nasdaq: LEGC)
  
• Westfield Financial (Nasdaq: WFD)

with a Hold rating:

• Benjamin Franklin Bancorp (Nasdaq: BFBC)
  
• Berkshire Hills Bancorp (Nasdaq: BHLB)
  
• Rome Bancorp (Nasdaq: ROME)
  
• Independent Bank (Nasdaq: INDB)
  
• Malvern Federal Bancorp (Nasdaq: MLVF)
  
• Washington Trust (Nasdaq: WASH)
  
• Bancorp Rhode Island (Nasdaq: BARI)

with a Sell rating:

• Sterling Bancorp (NYSE: STL)
  
• Lakeland Bancorp (Nasdaq: LBAI)

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