Federated Hermes Premier Municipal Income Fund
FMNFinancial ServicesNASDAQAsset Management
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Daily timeframeHeadquartered within the financial services sector, Federated Hermes Premier Municipal Income Fund focuses on Asset Management services and products. Federated Hermes Premier Municipal Income Fund is a closed-ended fixed income mutual fund launched by Federated Investors, Inc. The company carries a $80.6M market cap, placing it firmly in the micro-cap category. The fund is managed by Federated Investment Management Company.
Market Cap
$80.6M
Beta
0.61
P/E (TTM)
9.04
P/E (Fwd)
—
EPS (TTM)
$1.14
EPS (Fwd)
—
ROE
0.9%
ROA
2.5%
Cash
$60,986
Total Debt
$67.3M
Free CF
$2.3M
52W Change
-7.4%
Annual Financials
Cash vs Debt
Where FMN stands vs its 150-day and 200-day moving averages
As of the October 20, 2026 close, FMN finished 4.62% below its 150-day moving average ($10.83) and 4.70% below its 200-day moving average ($10.84). This snapshot is end-of-day data shown with a five-trading-day delay on the free plan; Premium members see readings from the latest close.
Is FMN overbought or oversold?
At the October 20, 2026 close, FMN's RSI(14) was 71.5, in overbought territory (above 70). The MACD histogram was positive, so short-term momentum leaned bullish at that close. These readings are historical, refresh daily after market close, and are not investment advice.
Federated Hermes Premier Municipal Income Fund carries $67.3M in total debt against $61K in cash reserves — debt is roughly 1104.4x the cash position. Managing this leverage effectively will be important for long-term financial stability. The company generates $2.3M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. Return on equity stands at 0.9%, which is modest for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 2.5% is on the lower side, which is common in asset-heavy industries. Revenue has grown from -$31.5M (2022) to $978K (2025), reflecting a 103% increase over the period.
With a beta below 0.7, Federated Hermes Premier Municipal Income Fund typically sees smaller price swings than the overall market, offering a degree of stability during turbulent periods. Federated Hermes Premier Municipal Income Fund carries a heavier debt load relative to its cash position, which introduces financial risk that investors should weigh. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Federated Hermes Premier Municipal Income Fund and its sector.