Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Bank of Africa's shares outstanding for the quarter that ended in Mar. 2026 was 220 Mil.
Bank of Africa's quarterly shares outstanding
stayed the same
from Dec. 2025 (220 Mil) to Mar. 2026 (220 Mil).
Bank of Africa's annual shares outstanding
increased
from Dec. 2024 (216 Mil) to Dec. 2025 (220 Mil).
It means Bank of Africaissued new shares from Dec. 2024 to Dec. 2025 .
Bank of Africa (CAS:BOA) Shares Outstanding (EOP) Explanation
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Bank of Africa Shares Outstanding (EOP) Related Terms
Bank of Africa Shares Outstanding (EOP) Historical Data
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The historical data trend for Bank of Africa's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
CAS:BOA vs JPM, BAC, WFC: Shares Outstanding (EOP) Comparison
For the Banks - Diversified subindustry, Bank of Africa's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Bank of Africa Shares Outstanding (EOP) vs Banks Industry
For the Banks industry and Financial Services sector, Bank of Africa's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Bank of Africa's Shares Outstanding (EOP) falls into.
Bank of Africa Shares Outstanding (EOP) Calculation
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
What does a Shares Outstanding (EOP) of 220 Mil mean?
Bank of Africa (CAS:BOA) has a Shares Outstanding (EOP) of 220 Mil as of Mar. 2026. The total shares a company has outstanding, at period-end. View historical data on Bank of Africa and its competitors.
Is Bank of Africa's Shares Outstanding (EOP) too high?
Bank of Africa's current Shares Outstanding (EOP) is 220 Mil. Overall, Bank of Africa has a GF Score™ of 48/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bank of Africa's Shares Outstanding (EOP) compare to JPM and BAC?
Bank of Africa's Shares Outstanding (EOP) of 220 Mil can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for a Banks company?
A good Shares Outstanding (EOP) depends on the Banks industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on Bank of Africa and its competitors. Bank of Africa's current Shares Outstanding (EOP) is 220 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank of Africa stock overvalued right now?
Based on GuruFocus' analysis, Bank of Africa (CAS:BOA) is currently considered Modestly Undervalued. The stock's GF Value™ is MAD222.52, compared to a current price of MAD192.50 — trading 13.5% below its estimated fair value. The current Shares Outstanding (EOP) is 220 Mil. Bank of Africa's overall GF Score™ is 48/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For Bank of Africa (CAS:BOA), the current Shares Outstanding (EOP) is 220 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Bank of Africa (CAS:BOA) Overvalued in 2026?
Based on GuruFocus' analysis, Bank of Africa stock appears to be undervalued.
The current stock price of MAD192.50 is trading 13.5% below its estimated GF Value™ of MAD222.52.
GuruFocus considers Bank of Africa to be Modestly Undervalued.
Key valuation signals for CAS:BOA:
Shares Outstanding (EOP): 220 Mil
GF Value™: MAD222.52 vs. price of MAD192.50 (13.5% below fair value)
No single metric tells the full story. See the CAS:BOA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bank of Africa is a commercial bank operating in Morocco and multiple African countries, with additional offices in Europe, China, and Canada. It provides financial services to individuals, businesses, and public institutions, including banking, insurance, asset management, leasing, and investment services. Its offerings include accounts, cards, loans, and savings products. The bank operates through a network of subsidiaries and focuses on expanding its services to small and medium-sized enterprises and developing digital banking channels across its markets.
48GF Score
Get the complete analysis for CAS:BOA
Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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