FMN

BEARISH

$11.15 Live

Federated Hermes Premier Municipal Income Fund · NYSE

$10.4 52W Range $11.38

FMN Federated Hermes Premier Municipal Income Fund - Fundamental Analysis

BEARISH

Console Chart News

FMN Stock | Fundamental Analysis & Investment Insights

NYSE • Financial Services • Asset Management

Current Price Live

$11.15

52W High

$11.38

52W Low

$10.4

Overview AI Snowflake Price Valuation Profitability Growth Health Statements Peers SEC Filings

At a glance

Key valuation, profitability, growth, and risk metrics.

Updated Apr 27, 2026

Market cap

$87.18M

P/E

92.92

ROE

0.9%

Profit margin

12.0%

Debt/Equity

0.69

Dividend yield

4.84%

AI Analysis

AI-powered fundamental assessment

Confidence

85%

FMN exhibits a strong Piotroski F-Score of 7/9, indicating solid short-term operational health, but this is overshadowed by severe valuation and sustainability issues. The current price of $11.15 trades at a massive premium to both the Graham Number ($5.81) and the Intrinsic Value ($0.84), while a P/E of 92.92 is unjustifiable given negative revenue growth of -22.30%. Most critically, the dividend payout ratio of 425% is unsustainable, suggesting the fund is returning capital rather than earnings. Despite a healthy Price/Book ratio of 0.89, the combination of bearish technicals and declining fundamentals warrants a bearish outlook.

Key Strengths

Strong Piotroski F-Score (7/9) indicating operational stability

Trading below book value (Price/Book: 0.89)

Healthy liquidity with a Current Ratio of 3.38

Low Debt/Equity ratio (0.69) compared to sector average

Positive 1-year price performance (+11.1%)

Key Risks

Unsustainable dividend payout ratio of 425%

Severe valuation disconnect (Price vs. Graham/Intrinsic value)

Significant revenue contraction (-22.30% YoY)

Extremely high P/E ratio (92.92) relative to growth

Strongly bearish technical trend (10/100)

AI Fair Value Estimate

Based on comprehensive analysis

$5.81

-47.9% below current price

Performance Snowflake

Multi-dimensional analysis across 5 key categories

Overall

Weak

Value

Future

Past

Health

Dividend

AI Verdict

Avoid

Key drivers: Unsustainable dividend payout, Negative growth trajectory, Extreme valuation premium over intrinsic value

Confidence

90%

Value

20/100

Ref P/E, PEG, Graham Number

Positives

P/B ratio under 1.0

Watchpoints

P/E of 92.92
Price far exceeds Graham Number ($5.81)

Future

15/100

Ref Growth rates

Positives

No standout positives identified.

Watchpoints

Revenue growth -22.30%
Earnings growth -10.90%

Past

50/100

Ref Historical trends

Positives

Positive 1Y and 6M returns

Watchpoints

Negative 5Y change (-8.8%)

Health

85/100

Ref Altman Z-Score, Piotroski F-Score

Positives

Piotroski F-Score 7/9
Current Ratio 3.38

Watchpoints

No urgent risks highlighted.

Dividend

10/100

Ref Yield, Payout

Positives

Yield of 4.84%

Watchpoints

Payout ratio of 425% indicates capital erosion

Stock Price & Analyst Targets

Real-time price movements and analyst price targets

Current Price

$11.15

Multi-Horizon Performance vs Peers

Price momentum across 5Y → 1W horizons for FMN and closest competitors.

Updated 2026-04-24

Company	5Y	3Y	1Y	6M	1M	1W
FMN Federated Hermes Premier Municipal Income Fund Primary	-8.8%	+19.8%	+11.1%	+2.6%	+3.8%	-1.2%
KG Kestrel Group Ltd Peer	-84.2%	-75.1%	-37.8%	-55.8%	-1.0%	+2.2%
OCCI OFS Credit Company, Inc. Peer	-45.3%	-39.5%	-41.6%	-34.7%	+5.7%	+1.7%
FNWB First Northwest Bancorp Peer	-35.1%	-13.1%	-3.6%	+25.1%	+7.4%	+8.0%
IROQ IF Bancorp Inc Peer	+30.7%	+81.2%	+10.9%	+4.7%	-4.2%	-4.3%

FMN

Federated Hermes Premier Municipal Income Fund

Primary

-8.8%

+19.8%

+11.1%

+2.6%

+3.8%

-1.2%

Kestrel Group Ltd

Peer

-84.2%

-75.1%

-37.8%

-55.8%

-1.0%

+2.2%

OCC

OFS Credit Company, Inc.

Peer

-45.3%

-39.5%

-41.6%

-34.7%

+5.7%

+1.7%

FNW

First Northwest Bancorp

Peer

-35.1%

-13.1%

-3.6%

+25.1%

+7.4%

+8.0%

IRO

IF Bancorp Inc

Peer

+30.7%

+81.2%

+10.9%

+4.7%

-4.2%

-4.3%

Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.

Historical Performance Trends

Long-term financial metrics and growth patterns

Revenue & Net Income

Profit & Operating Margins

Return on Equity (ROE)

Quarterly Revenue Growth

Historical data shows last 12 quarters (3 years)

Valuation Metrics

Key valuation ratios and pricing indicators

92.92

N/A

0.89

11.31

20.05

N/A

$87.18M

Profitability

Profit margins and return metrics

Profit Margin 12.05%

Operating Margin 87.86%

Gross Margin 100.0%

ROE 0.94%

ROA 2.52%

Growth

Revenue and earnings growth rates

Revenue Growth -22.3%

Earnings Growth -10.9%

Q/Q Revenue Growth N/A

Q/Q Earnings Growth -10.9%

Financial Health

Balance sheet strength and liquidity metrics

Debt/Equity

0.69

Moderate

Current Ratio

3.38

Strong

Quick Ratio

3.38

Excellent

Cash/Share

$0.01

Financial Statement Flow

Interactive flow visualization showing how money moves through the company Q4 2025

Total Assets

$0.2B

Liabilities

$0.1B

Equity

$0.1B

Debt/Equity

0.70x

Financial Services Sector Comparison

Comparing FMN against 763 companies in the Financial Services sector (133 bullish, 317 neutral, 313 bearish)

P/E Ratio

92.92

This Stock

38.21

Sector Avg

+143.1% (Expensive)

Return on Equity (ROE)

0.94%

This Stock

-1.82%

Sector Avg

-151.4% (Below Avg)

Profit Margin

12.05%

This Stock

75.74%

Sector Avg

-84.1% (Weaker)

Debt to Equity

0.69

This Stock

1.42

Sector Avg

-51.6% (Less Debt)

Revenue Growth

-22.3%

This Stock

37.18%

Sector Avg

-160.0% (Slower)

Current Ratio

3.38

This Stock

3.32

Sector Avg

+1.7% (Better)

Similar Companies

Peer comparison within the same industry

Company	AI Rating	Market Cap	P/E	ROE	Profit Margin	Price
FMN Federated Hermes Premier...	BEARISH	$87.18M	92.92	0.9%	12.0%	$11.15
KG Kestrel Group Ltd	BEARISH	$87.64M	1.32	74.6%	137.2%	$11.32	Compare
OCCI OFS Credit Company, Inc.	BEARISH	$86.68M	-	-24.3%	-78.6%	$2.98	Compare
FNWB First Northwest Bancorp	BEARISH	$88.93M	-	-2.7%	-6.9%	$9.91	Compare
IROQ IF Bancorp Inc	NEUTRAL	$88.98M	16.19	6.3%	18.1%	$26.55	Compare

FMN Federated Hermes...

BEARISH

Mkt Cap

$87M

P/E

92.9

ROE

0.9%

Price

$11.15

Compare with FMN

Compare with FMN

FNWB First Northwest Bancorp

Compare with FMN

Compare with FMN

SEC Filings

Recent regulatory filings from the SEC EDGAR database

DEF 14A

2025-07-17

FMN filed a definitive proxy statement (DEF 14A) on July 17, 2025, outlining matters to be voted on by shareholders.

DEF 14A

2024-09-10

FMN filed a definitive proxy statement (DEF 14A) on September 10, 2024, providing shareholders with necessary information to vote on corporate matters.

Data sourced from SEC EDGAR. AI summaries generated automatically.

Past News Coverage

Recent headlines mentioning FMN from our newsroom.

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FMN

FMN Federated Hermes Premier Municipal Income Fund - Fundamental Analysis

At a glance

AI Analysis

Key Strengths

Key Risks

Performance Snowflake

Stock Price & Analyst Targets

Multi-Horizon Performance vs Peers

Historical Performance Trends

Revenue & Net Income

Profit & Operating Margins

Return on Equity (ROE)

Quarterly Revenue Growth

Valuation Metrics

Profitability

Growth

Financial Health

Financial Statement Flow

Financial Services Sector Comparison

Similar Companies

SEC Filings

Past News Coverage

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