The recent plunge in Roslyn Bancorp's stock price is a wake-up call to New York-area thrifts that prices may be as high as they are going to get, analysts say. And it may encourage many fence-sitters who have been holding out for even richer prices to sell soon, they say.

Partly as a result, analysts say, such smaller companies as Haven Bancorp, Brooklyn, and Reliance Bancorp, Garden City, N.Y., are likely to make deals before Labor Day. And they note a handful of thrifts that have raised capital in recent initial public offerings are likely buyers.

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