Fintel reports that on September 11, 2026, Hovde Group initiated coverage of First Financial Bankshares (NASDAQGS:FFIN) with a Market Perform recommendation.

First Financial Bankshares, Inc. is a regional banking powerhouse based in the United States, primarily engaging in the banking industry across Texas. The organization administers comprehensive banking services such as commercial banking, mortgage and consumer loans, and deposit products. Prior to the rating action, the stock closed at $33.06 on September 10, 2026. This latest close of $33.06 represents a one-week price change of -0.84% from a baseline close of $33.34 on September 3, 2026. Over a one-month period, the stock experienced a price change of -3.81% from a baseline close of $34.37 on August 10, 2026.

This individual rating from Hovde Group stands alongside broader market consensus data. As of August 28, 2026, the current consensus target mean for the stock was $37.40, with a median target of $36.72. This mean target represents an implied change of +13.13% from the stock's pricing. Previously, on August 4, 2026, the prior consensus target mean was $37.74, representing a consensus target revision of -0.90%.

In the current recommendation period of September 1, 2026, the aggregate analyst recommendations totaled 12, consisting of 2 strong buy, 4 buy, 6 hold, 0 sell, and 0 strong sell ratings. This represents 50.0% positive recommendations, 50.0% hold recommendations, and 0.0% negative recommendations. In the prior period of August 1, 2026, there were 11 total recommendations, including 2 strong buy, 4 buy, 5 hold, 0 sell, and 0 strong sell ratings, which represented 54.5% positive, 45.5% hold, and 0.0% negative recommendations. Prior to Hovde Group's initiation, Piper Sandler initiated coverage on August 27, 2026, moving the stock from Underweight to Neutral.

First Financial Bankshares reported its latest earnings on July 16, 2026. The actual earnings per share (EPS) was 0.5, compared to an estimate of 0.5124, representing an EPS surprise of -2.42%. The actual revenue reported was $172,758,000,000,000.00, which was below the estimated revenue of $177,675,330,000,000.00. According to a Form 8-K filing submitted to the Securities and Exchange Commission on July 31, 2026, the company disclosed that on July 28, 2026, the Board of Directors of First Financial Bankshares, Inc. renewed and increased the size of its share repurchase plan.

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This story originally appeared on Fintel.