KBW Maintains Outperform on Flushing Financial

KBW is out with its report today on Flushing Financial FFIC, maintaining Outperform. In a note to clients, KBW writes, "Operating EPS of $0.30 met consensus but fell a penny shy of our forecast due to lower spread income partly offset by better cost control. We expect the market to be encouraged by the higher quality results that reflected an earlier than expected decline in NPAs, stronger coverage & a pipeline that is the largest in recent history." KBW maintains a $17 PT on FFIC. Shares of FFIC closed Tuesday at $12.59, up 0.16% from Monday's close.