It's been a little over three months since I last visited my ServisFirst Bancshares, Inc. (NASDAQ:SFBS) position and boy am I surprised and impressed at what I have found. You see, when I take a position in a financial IPO - especially one that I plan to hold for at least 12 months, I find it easier to manage the position from a set and forget standpoint. What I mean by this is that I'll monitor the macro industry, the region that my bank is operating in, and the performances of other banks similar in composition (how does my bank like to lend? How does my bank like to invest? Etc.) for any major red flags or issues...
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