The stocks of savings banks in the New York City area have been popping lately on takeover speculation. Shares of Brooklyn-based Hamilton Bancorp, for example, have soared nearly 50% in the past month, to about $32.

What's going on? Thomas F. Theurkauf Jr. and Kevin D. Spinner, analysts at New York-based Keefe, Bruyette & Woods Inc., say the local savings banks are ripe for consolidation.

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