Keefe,Bruyette,Woods Keep Rating of Outperform on Shares of MB Financial

Keefe, Bruyette, Woods, keep Outperform rating on shares of MB Financial (MBFI) after it reported earnings. The firms analysts report," MB Financial reported 1Q11 operating EPS of $0.05 with the company's second consecutive quarter in the black aided by $14mm of reserve release (-0.17/share). Credit showed improvement this quarter, including lower NPAs and provisioning levels, although C&I balances declined at a double-digit rate. Following 1Q, we are lowering our 2011 earnings estimate, but maintaining 2012/2013." Shares of MB Financial (MBFI) closed at 20.95 yesterday.