Ryan, Beck & Co. upgraded the Long Island thrift T.R. Financial to "buy" from "hold," saying recent price declines have led to a buying opportunity.

Analyst John M. Kline said share price "jumped up" and remained fairly strong after the thrift released higher-than-expected earnings in April. On Friday, however, the stock began to look "attractive" when it fell 56 cents to $26.125, on volume that was slightly heavier than usual, he said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.