** Shares of regional lender ServisFirst Bancshares SFBS.N rise 2.75% to $75.02 in early trading
** Hovde Group upgrades SFBS to "outperform" from "market perform" citing its expansion into Texas is a catalyst for stronger loan growth, better long‑term profitability
** Brokerage adds SFBS's hiring of a senior commercial‑banking team in Houston positions it to capture growth amid merger‑driven disruption in the Texas market
** Hovde also raised PT to $89 from $85, a 21.9% upside from its last close
** SFBS's steep underperformance versus the regional‑bank index KRE.P leaves room for performance to normalize, brokerage says
** 2 of 3 analysts rate the stock "buy", 1 "hold"; median PT $89 - data compiled by LSEG
** As of last close, SFBS down 13.84% YTD vs KRE +11.81% YTD
(Reporting by Pragyan Kalita in Bengaluru)
((Pragyan.Kalita@thomsonreuters.com))
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