Just caught that analysts have been getting more bullish on Raiffeisen Bank International (SEP:RBI) - they bumped their one-year price target up to 944.09 CZK per share, which is a pretty solid 24.34% jump from where they had it back in December. That said, the target is still sitting about 11% below the current market price, so there's some divergence in what the Street thinks here.

What's interesting is how the big institutional players are positioning themselves. Vanguard's international and developed markets funds have been quietly adding to their RBI positions over the last few quarters - both increased their allocations by a few percentage points. Same story with the iShares EAFE funds. Overall though, institutional ownership actually dipped by about 16% in the last three months, down to 8.5 million shares. The number of funds holding RBI also fell from 121 to 91 positions, which is a notable shift.

Looks like the institutions are doing some reshuffling while analysts are turning more constructive on the bank. Could be worth keeping an eye on how this plays out - when the fund flows and analyst sentiment start aligning again, that usually signals something worth paying attention to.