AllianceBernstein National Municipal Income Fund, Inc. (AFB) Stock Price & Analysis
AllianceBernstein National Municipal Income Fund, Inc. (AFB) closed at USD 9.92 on Thursday, October 22, 2026, up 0.71% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 9.85; the Oct 22, 2026 session ranged USD 9.9–9.96 on volume of 62,450 shares. Market capitalization is —, with a 52-week range of USD 9.28–11.5 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 10:12 UTC.
Also available as compact Markdown for AI agents: nexqual.com/AFB.md
Key facts (AFB)
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $148K; 1 not under a Rule 10b5-1 plan ($148K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $27K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: None.
- Total return with dividends: 1Y -4.7% vs S&P 500 +14.9%; 5Y -16.6% vs S&P 500 +80.3%.
Insider sales (SEC Form 4, open-market, last ~7 months) (AFB)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-04-21 | Moody Garry L | Director | 13,500 | $148K | 100% | No | Too little history (no open-market trades in 2023 or 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Insider purchases (SEC Form 4, open-market, last ~7 months) (AFB)
1 purchase, $27K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-05-22 | Gerken R Jay | Director | 2,500 | $27K | 10.96 | Too little history (no open-market trades in 2023–2025) |
Analysts (AFB)
Consensus None.
Total return (dividends reinvested) (AFB)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -4.7% | -16.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -4.7% | -3.6% |
| Volatility (annualized) | 10.8% | 13.4% |
| Max drawdown | -17.5% (Jul 2026→Oct 2026) | -35.1% (Dec 2021→Oct 2023) |
Key Statistics (as of October 23, 2026 at 10:12 UTC)
| Price | USD 9.92 |
|---|---|
| Change | ▲ 0.71% (up) |
| Previous Close | USD 9.85 |
| Open | USD 9.89 |
| Day Range | USD 9.9 – 9.96 |
| 52-Week Range | USD 9.28 – 11.5 |
| Volume | 62,450 shares |
| Market Cap | — |
| Exchange | NYQ |
Technical Analysis (AFB)
Nexqual's technical model rates AFB "SELL" based on 2 bullish and 4 bearish signals across 127 daily candles, as of October 23, 2026 at 10:12 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 52.25 (neutral) |
| vs SMA50 | Below (USD 10.18) |
| MACD | -0.07 (negative) |
Analyst Ratings (AFB)
Wall Street analysts rate AFB "None", per Nexqual as of October 23, 2026 at 10:12 UTC.
| Consensus Rating | None |
|---|
Earnings (AFB)
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Financials & Fundamentals (AFB)
| Total Revenue | $28.31M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +7.00% |
| Gross Margin | +100.00% |
| Operating Margin | +89.99% |
| Profit Margin | +82.25% |
| ROE | +6.82% |
| Debt / Equity | 0.67 |
| Current Ratio | 0.06 |
| Total Cash | $276 |
| Total Debt | $231.91M |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Financial Health Score (AFB)
Nexqual rates AllianceBernstein National Municipal Income Fund, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 10:12 UTC.
| Growth | Solid — Revenue +7% YoY (latest Q) |
|---|---|
| Profitability | Weak — Small revenue base — building scale |
| Balance Sheet | Mixed — $276 cash vs $232M debt |
| Cash Flow | Solid — Operating cash flow $3M (TTM) |
| Efficiency | Mixed — ROE 7%, ROA 2.7% |
Ownership (AFB)
| Insider Ownership | +0.01% |
|---|---|
| Institutional Ownership | +68.61% |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Major Backers & Investors (AFB)
Notable institutional backers of AllianceBernstein National Municipal Income Fund, Inc. include Karpus Management, Inc., Pathstone Holdings, LLC, Allspring Global Investments Holdings, LLC, according to Nexqual as of October 23, 2026 at 10:12 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Karpus Management, Inc. | 12.54% |
| Pathstone Holdings, LLC | 10.03% |
| Allspring Global Investments Holdings, LLC | 4.91% |
| RiverNorth Capital Management, LLC | 3.64% |
| Keybank National Association | 3.35% |
| Morgan Stanley | 3.31% |
| Advisors Asset Management, Inc. | 2.66% |
| Hennion & Walsh Asset Management, Inc. | 2.47% |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| BLK | BlackRock, Inc. | USD 1,137.29 | ▼ 1.07% |
| BX | Blackstone Inc. | USD 118.75 | ▲ 8.38% |
| BN | Brookfield Corporation | USD 38.28 | ▲ 2.05% |
| KKR | KKR & Co. Inc. | USD 93.09 | ▲ 3.58% |
| BAM | Brookfield Asset Management Inc | USD 47.64 | ▲ 3.45% |
| APO | Apollo Global Management, Inc. | USD 114.83 | ▲ 2.81% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:12 UTC. This page is informational and not investment advice.
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