Symbols / AFB Stock $11.21 +0.63% AllianceBernstein National Municipal Income Fund, Inc.

Financial Services • Asset Management • United States • NYQ
AFB (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Asset Management
CEO —
Exch · Country NYQ · United States
Market Cap 322.23M
Enterprise Value 554.04M
Income 3.44M
Sales 27.37M
FCF (ttm) 2.16M
Book/sh 12.20
Cash/sh 472.00
Employees —
Insider 10d —
IPO Jan 29, 2002
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 4.17%
P/E 93.42
Forward P/E —
PEG —
P/S 11.77
P/B 0.92
P/C —
EV/EBITDA —
EV/Sales 20.24
Quick Ratio 0.06
Current Ratio 0.06
Debt/Eq 66.08
LT Debt/Eq —
EPS (ttm) 0.12
EPS next Y —
EPS Growth 19.90%
Revenue Growth 7.10%
EPS Gr Q/Q 19.90%
Rev Gr Q/Q —
Earnings (next) —
Earnings (prior) —
ROA 2.52%
ROE 0.97%
ROIC —
Gross Margin 100.00%
Oper. Margin 88.32%
Profit Margin 12.58%
Shs Outstand 28.74M
Shs Float —
Insider Own 0.00%
Instit Own 66.29%
Short Float —
Short Ratio 0.44
Short Interest 74.74K
52W High 11.25
vs 52W High -0.36%
52W Low 10.05
vs 52W Low 11.54%
Beta 0.67
Impl. Vol. —
Rel Volume 0.83
Avg Volume 121.19K
Volume 101.13K
Target (mean) —
Tgt Median —
Tgt Low —
Tgt High —
# Analysts —
Recom None
Prev Close $11.14
Price $11.21
Change 0.63%
About

AllianceBernstein National Municipal Income Fund, Inc. is a closed-ended fixed income mutual fund launched and managed by AllianceBernstein L.P. The fund invests in the fixed income markets of the United States. It primarily invests in investment-grade municipal securities which pay interest that is exempt from federal income tax. The fund seeks to invest in bonds rated Baa/BBB or higher. It employs both quantitative and fundamental analysis to create its portfolio. AllianceBernstein National Municipal Income Fund, Inc. was formed on November 9, 2001 and is domiciled in the United States.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$11.21
Latest analyst target
3. DCF / Fair value
$1.35
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$11.21
Low
—
High
—
Mean
—
News
RSS: Latest AFB news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-21 MOODY GARRY L Director — 13,500 $10.96 $147,960
2025-11-06 SABA CAPITAL MANAGEMENT, L.P. Beneficial Owner of more than 10% of a Class of Security — 19,623 $10.91 $214,087
2025-11-05 SABA CAPITAL MANAGEMENT, L.P. Beneficial Owner of more than 10% of a Class of Security — 53,120 $10.99 $584,406
2025-11-03 SABA CAPITAL MANAGEMENT, L.P. Beneficial Owner of more than 10% of a Class of Security — 684 $11.01 $7,531
2025-10-31 MOODY GARRY L Director — 13,500 $11.06 $149,507
2025-10-29 SABA CAPITAL MANAGEMENT, L.P. Beneficial Owner of more than 10% of a Class of Security — 7,693 $11.00 $84,623
2025-10-27 SABA CAPITAL MANAGEMENT, L.P. Beneficial Owner of more than 10% of a Class of Security — 25,686 $10.99 $282,289
2025-10-24 SABA CAPITAL MANAGEMENT, L.P. Beneficial Owner of more than 10% of a Class of Security — 41,242 $10.96 $453,002
2025-10-22 SABA CAPITAL MANAGEMENT, L.P. Beneficial Owner of more than 10% of a Class of Security — 1,955 $11.03 $21,564
2025-10-09 SABA CAPITAL MANAGEMENT, L.P. Beneficial Owner of more than 10% of a Class of Security — 2,509 $10.90 $27,348
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-10-31 2024-10-31 2023-10-31 2022-10-31
Total Revenue
3.84
-93.78%
61.85
+7716.15%
-0.81
+99.16%
-97.11
Operating Revenue
3.84
-93.78%
61.85
+7716.15%
-0.81
+99.16%
-97.11
Operating Expense
0.40
-21.94%
0.51
+25.73%
0.41
-3.62%
0.42
Selling General And Administration
0.40
-15.02%
0.47
+26.06%
0.37
-1.91%
0.38
General And Administrative Expense
0.40
-15.02%
0.47
+26.06%
0.37
-1.91%
0.38
Other Operating Expenses
0.00
-90.57%
0.05
+22.54%
0.04
-17.47%
0.05
Net Income
3.44
-94.39%
61.34
+5129.10%
-1.22
+98.75%
-97.53
Pretax Income
3.44
-94.39%
61.34
+5129.10%
-1.22
+98.75%
-97.53
Net Interest Income
18.02
+18.97%
15.14
+4.04%
14.56
-27.63%
20.12
Interest Expense
9.27
-13.19%
10.68
+10.77%
9.64
+113.15%
4.52
Interest Income
27.29
+5.67%
25.83
+6.72%
24.20
-1.78%
24.64
Gain On Sale Of Security
-12.87
-52.84%
-8.42
+57.46%
-19.80
-532.57%
-3.13
Tax Rate For Calcs
0.00
+0.00%
0.00
0.00
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
3.44
-94.39%
61.34
+5129.10%
-1.22
+98.75%
-97.53
Net Income From Continuing Operation Net Minority Interest
3.44
-94.39%
61.34
+5129.10%
-1.22
+98.75%
-97.53
Net Income From Continuing And Discontinued Operation
3.44
-94.39%
61.34
+5129.10%
-1.22
+98.75%
-97.53
Net Income Continuous Operations
3.44
-94.39%
61.34
+5129.10%
-1.22
+98.75%
-97.53
Normalized Income
3.44
-94.39%
61.34
+5129.10%
-1.22
+98.75%
-97.53
Net Income Common Stockholders
3.44
-94.39%
61.34
+5129.10%
-1.22
+98.75%
-97.53
Diluted EPS
—
2.13
+4360.00%
-0.05
+98.53%
-3.39
Basic EPS
—
2.13
+4360.00%
-0.05
+98.53%
-3.39
Basic Average Shares
—
28.80
+18.05%
24.39
-15.21%
28.77
Diluted Average Shares
—
28.80
+18.05%
24.39
-15.21%
28.77
Diluted NI Availto Com Stockholders
3.44
-94.39%
61.34
+5129.10%
-1.22
+98.75%
-97.53
Line Item Trend 2025-10-31 2024-10-31 2023-10-31 2022-10-31
Total Assets
588.41
-2.87%
605.77
+11.11%
545.22
-8.36%
594.94
Cash And Cash Equivalents
0.00
+317.70%
0.00
+10.78%
0.00
—
Cash Financial
0.00
+317.70%
0.00
+10.78%
0.00
—
Receivables
8.11
+1.09%
8.03
-5.20%
8.47
-74.88%
33.70
Investments And Advances
580.30
-2.92%
597.75
+11.36%
536.75
-4.36%
561.24
Total Liabilities Net Minority Interest
237.60
-2.76%
244.34
+4.61%
233.57
-13.64%
270.46
Payables
5.37
-56.85%
12.44
+958.10%
1.18
-96.12%
30.28
Accounts Payable
5.12
-57.70%
12.11
+1207.63%
0.93
-96.91%
30.00
Other Payable
0.25
-26.04%
0.33
+33.00%
0.25
-9.04%
0.27
Long Term Debt And Capital Lease Obligation
132.12
+201.31%
43.85
—
7.90
Preferred Securities Outside Stock Equity
99.84
-46.81%
187.70
-19.09%
231.98
-0.04%
232.07
Stockholders Equity
350.81
-2.94%
361.43
+15.97%
311.65
-3.96%
324.48
Common Stock Equity
350.81
-2.94%
361.43
+15.97%
311.65
-3.96%
324.48
Capital Stock
0.03
+0.00%
0.03
+0.00%
0.03
+0.00%
0.03
Common Stock
0.03
+0.00%
0.03
+0.00%
0.03
+0.00%
0.03
Share Issued
28.74
+0.00%
28.74
+0.00%
28.74
+0.00%
28.74
Ordinary Shares Number
28.74
+0.00%
28.74
+0.00%
28.74
+0.00%
28.74
Additional Paid In Capital
402.74
-0.07%
403.01
-0.03%
403.12
-0.01%
403.17
Retained Earnings
-51.95
-24.86%
-41.61
+54.52%
-91.50
-16.24%
-78.72
Total Equity Gross Minority Interest
350.81
-2.94%
361.43
+15.97%
311.65
-3.96%
324.48
Total Capitalization
482.94
+19.16%
405.28
—
332.38
Invested Capital
482.94
+19.16%
405.28
—
332.38
Total Debt
132.12
+201.31%
43.85
—
7.90
Net Debt
132.12
+201.31%
43.85
—
7.90
Net Tangible Assets
350.81
-2.94%
361.43
+15.97%
311.65
-3.96%
324.48
Tangible Book Value
350.81
-2.94%
361.43
+15.97%
311.65
-3.96%
324.48
Available For Sale Securities
3.94
+624.52%
0.54
—
—
Cash Cash Equivalents And Federal Funds Sold
0.00
+317.70%
0.00
+10.78%
0.00
—
Financial Assets Designatedas Fair Value Through Profitor Loss Total
576.36
-3.49%
597.20
+11.26%
536.75
-4.36%
561.24
Investmentin Financial Assets
580.30
-2.92%
597.75
+11.36%
536.75
-4.36%
561.24
Line Item Trend 2025-10-31 2024-10-31 2023-10-31 2022-10-31
Operating Cash Flow
14.06
+21.67%
11.56
-41.13%
19.63
-43.64%
34.84
Net Income From Continuing Operations
3.44
-94.39%
61.34
+5129.10%
-1.22
+98.75%
-97.53
Other Non Cash Items
-0.09
-110.88%
0.80
-71.28%
2.78
-38.41%
4.51
Gain Loss On Investment Securities
17.79
+128.59%
-62.21
-386.57%
21.71
-82.58%
124.65
Change In Working Capital
-7.08
-160.86%
11.64
+420.30%
-3.63
-213.30%
3.21
Change In Receivables
-0.09
-119.84%
0.44
-98.25%
25.24
+204.54%
-24.14
Change In Accrued Expense
-0.08
-22.37%
-0.07
-132.30%
0.21
+235.95%
-0.15
Change In Payable
-6.91
-161.38%
11.26
+138.73%
-29.08
-205.73%
27.50
Change In Other Current Liabilities
0.00
0.00
0.00
0.00
Financing Cash Flow
-14.06
-21.67%
-11.56
+41.13%
-19.63
+43.64%
-34.84
Net Issuance Payments Of Debt
88.28
+101.31%
43.85
+655.06%
-7.90
+56.58%
-18.20
Issuance Of Debt
88.28
+101.31%
43.85
—
—
Repayment Of Debt
—
—
-7.90
+56.58%
-18.20
Long Term Debt Issuance
88.28
+101.31%
43.85
—
—
Long Term Debt Payments
—
—
-7.90
+56.58%
-18.20
Net Long Term Debt Issuance
88.28
+101.31%
43.85
+655.06%
-7.90
+56.58%
-18.20
Common Stock Dividend Paid
-14.06
-21.67%
-11.56
+0.48%
-11.61
+30.32%
-16.67
Cash Dividends Paid
-14.06
-21.67%
-11.56
+0.48%
-11.61
+30.32%
-16.67
Repurchase Of Capital Stock
-88.28
+38.63%
-143.85
—
—
Net Other Financing Charges
0.00
0.00
+100.00%
-0.03
-200.00%
0.03
Changes In Cash
0.00
+3163.64%
0.00
-89.22%
0.00
0.00
Beginning Cash Position
0.00
+10.78%
0.00
0.00
0.00
End Cash Position
0.00
+317.70%
0.00
+10.78%
0.00
0.00
Free Cash Flow
14.06
+21.67%
11.56
-41.13%
19.63
-43.64%
34.84
Issuance Of Capital Stock
—
100.00
—
—
Net Preferred Stock Issuance
-88.28
-101.31%
-43.85
—
—
Preferred Stock Issuance
—
100.00
—
—
Preferred Stock Payments
-88.28
+38.63%
-143.85
—
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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