Sterne Agee Reiterates Neutral Rating on Provident New York Bancorp on Sterling Acquisition

In a report published Friday, Sterne Agee analyst Matthew Kelley reiterated a Neutral rating on Provident New York Bancorp (NYSE: PBNY ). In the report, Kelley noted, “Similar to our initial view, we are net positive on the Provident/Sterling (STL) combination announced yesterday. First, we thought pricing was fair relative