Cardinal Financial (NASDAQ:CFNL) Among Top in Credit Quality

FBR Capital said they're maintaining their "Outperform" rating on Cardinal Financial (NASDAQ:CFNL), citing their ongoing high credit quality, which is among the leaders in the United States.

"We are raising our 2010 estimate from $0.66 to $0.69, holding our 2011 estimate at $0.93, and initiating a 2012 estimate of $1.14. Cardinal continues to have some of the best credit quality in the country, with significant organic growth opportunities and increasing fee income due to mortgage banking revenues," said FBR.

Cardinal Financial closed Tuesday at $10.37, dropping by $0.14, or 1.33 percent. FBR raised their price target on them from $11 a share to $12 a share.