Localization of the hosting?

Like in the name of Topic, is localization of hosting mean something for SEO?

I now a few years in past that was an issue, how it looks right now?

Can I get nice position with hosting localized in Europe for American user with .com domain?

Thanks in advance!

page load time still affects ranking. so yes, having a server on another continent may penalize you a bit, but who knows how much