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FMN

Federated Hermes Premier Municipal Income FundNYSE:FMN Stock Report

Last Price

US$14.12

Market Cap

US$162.3m

7D

-4.3%

1Y

-2.9%

Updated

19 Jan, 2022

Data

Company Financials
FMN fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health2/6
Dividends3/6

FMN Stock Overview

Federated Premier Municipal Income Fund is a closed-ended fixed income mutual fund launched by Federated Investors, Inc.

Price History & Performance

Summary of all time highs, changes and price drops for Federated Hermes Premier Municipal Income Fund
Historical stock prices
Current Share PriceUS$14.12
52 Week HighUS$16.97
52 Week LowUS$14.00
Beta0.25
1 Month Change-8.07%
3 Month Change-4.40%
1 Year Change-2.89%
3 Year Change8.95%
5 Year Change-0.071%
Change since IPO-6.18%

Recent News & Updates

Jun 10

Federated Hermes Premier Municipal Income Fund declares $0.054 dividend

Federated Hermes Premier Municipal Income Fund (FMN) declares $0.054/share monthly dividend, in line with previous.Payable July 1; for shareholders of record June 23; ex-div June 22.See FMN Dividend Scorecard, Yield Chart, & Dividend Growth.

May 10

Federated Hermes Premier Municipal Income Fund declares $0.054 dividend

Federated Hermes Premier Municipal Income Fund (FMN) declares $0.054/share monthly dividend, in line with previous.Forward yield 4.23%Payable June 1; for shareholders of record May 21; ex-div May 20.See FMN Dividend Scorecard, Yield Chart, & Dividend Growth.

Feb 01

Federated Hermes Premier Municipal Income Fund reports FY results

Federated Hermes Premier Municipal Income Fund (FMN): FY GAAP NII of $0.66.Press Release

Jan 11

Federated Hermes Premier Municipal Income Fund declares $0.054 dividend

Federated Hermes Premier Municipal Income Fund (FMN) declares $0.054/share monthly dividend, in line with previous.Forward yield 4.42%Payable Feb. 1; for shareholders of record Jan. 22; ex-div Jan. 21.See FMN Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

FMNUS Capital MarketsUS Market
7D-4.3%-5.5%-4.6%
1Y-2.9%24.6%7.7%

Return vs Industry: FMN underperformed the US Capital Markets industry which returned 25.7% over the past year.

Return vs Market: FMN underperformed the US Market which returned 10.2% over the past year.

Price Volatility

Is FMN's price volatile compared to industry and market?
FMN volatility
FMN Average Weekly Movement1.5%
Capital Markets Industry Average Movement0.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: FMN is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: FMN's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2002n/aJohn Donahuehttps://www.federatedinvestors.com/FII/closedendfunds/details/overview.do?basketid=10461

Federated Premier Municipal Income Fund is a closed-ended fixed income mutual fund launched by Federated Investors, Inc. The fund is managed by Federated Investment Management Company. It invests in fixed income markets of United States. The fund primarily invests in tax-exempt municipal bonds of GO state, GO local, special tax, hospital, transportation, pre-refunded, senior care, water and sewer, education, electric and gas, and public power sectors.

Federated Hermes Premier Municipal Income Fund Fundamentals Summary

How do Federated Hermes Premier Municipal Income Fund's earnings and revenue compare to its market cap?
FMN fundamental statistics
Market CapUS$162.33m
Earnings (TTM)US$20.09m
Revenue (TTM)US$10.89m

8.1x

P/E Ratio

14.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FMN income statement (TTM)
RevenueUS$10.89m
Cost of RevenueUS$0
Gross ProfitUS$10.89m
Expenses-US$9.21m
EarningsUS$20.09m

Last Reported Earnings

May 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.75
Gross Margin100.00%
Net Profit Margin184.57%
Debt/Equity Ratio62.1%

How did FMN perform over the long term?

See historical performance and comparison

Valuation

Is Federated Hermes Premier Municipal Income Fund undervalued compared to its fair value and its price relative to the market?

8.08x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FMN ($14.12) is trading above our estimate of fair value ($7.79)

Significantly Below Fair Value: FMN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: FMN is good value based on its PE Ratio (8.1x) compared to the US Capital Markets industry average (15.5x).

PE vs Market: FMN is good value based on its PE Ratio (8.1x) compared to the US market (17x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FMN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FMN is good value based on its PB Ratio (0.9x) compared to the US Capital Markets industry average (42.2x).

Future Growth

How is Federated Hermes Premier Municipal Income Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.3%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Federated Hermes Premier Municipal Income Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Federated Hermes Premier Municipal Income Fund performed over the past 5 years?

31.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FMN has a large one-off gain of $12.1M impacting its May 31 2021 financial results.

Growing Profit Margin: FMN's current net profit margins are higher than last year (13%).


Past Earnings Growth Analysis

Earnings Trend: FMN's earnings have grown significantly by 31.7% per year over the past 5 years.

Accelerating Growth: FMN's earnings growth over the past year (1251.6%) exceeds its 5-year average (31.7% per year).

Earnings vs Industry: FMN earnings growth over the past year (1251.6%) exceeded the Capital Markets industry 86.4%.


Return on Equity

High ROE: FMN's Return on Equity (11%) is considered low.

Financial Health

How is Federated Hermes Premier Municipal Income Fund's financial position?


Financial Position Analysis

Short Term Liabilities: FMN's short term assets ($4.7M) exceed its short term liabilities ($3.7M).

Long Term Liabilities: FMN's short term assets ($4.7M) do not cover its long term liabilities ($113.6M).


Debt to Equity History and Analysis

Debt Level: FMN's net debt to equity ratio (62%) is considered high.

Reducing Debt: FMN's debt to equity ratio has increased from 30.7% to 62.1% over the past 5 years.

Debt Coverage: FMN's debt is not well covered by operating cash flow (6.3%).

Interest Coverage: FMN's interest payments on its debt are well covered by EBIT (7.7x coverage).


Balance Sheet

Dividend

What is Federated Hermes Premier Municipal Income Fund current dividend yield, its reliability and sustainability?

4.59%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FMN's dividend (4.59%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: FMN's dividend (4.59%) is in the top 25% of dividend payers in the US market (3.48%)


Stability and Growth of Payments

Stable Dividend: FMN's dividend payments have been volatile in the past 10 years.

Growing Dividend: FMN's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (36.4%), FMN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Management

How experienced are the management team and are they aligned to shareholders interests?

17.2yrs

Average board tenure


CEO

John Donahue (72 yo)

no data

Tenure

Mr. John Christopher Donahue serves as Chairman and Trustee at Federated Equity Management Company of Pennsylvania. He is Chief Executive Officer and President at Federated Hermes, Inc. since May 1998, Cha...


Board Members

Experienced Board: FMN's board of directors are seasoned and experienced ( 17.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Federated Hermes Premier Municipal Income Fund's employee growth, exchange listings and data sources


Key Information


Location

  • Federated Hermes Premier Municipal Income Fund
  • 1001 Liberty Avenue
  • Pittsburgh
  • Pennsylvania
  • 15222-3779
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 23:41
End of Day Share Price2022/01/19 00:00
Earnings2021/05/31
Annual Earnings2020/11/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.