(NBH) Neuberger Berman IMF - Overview
Exchange: NYSE MKT •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US64124P1012
Stock: Municipal Bonds, Tax-Exempt, Short-Term, Investment-Grade
Total Rating 40
Risk 84
Buy Signal 0.35
Dividends
| Dividend Yield | 6.37% |
| Yield on Cost 5y | 5.19% |
| Yield CAGR 5y | -3.39% |
| Payout Consistency | 91.8% |
| Payout Ratio | 135.0% |
| Risk 5d forecast | |
|---|---|
| Volatility | 9.70% |
| Relative Tail Risk | -3.21% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.09 |
| Alpha | -1.37 |
| Character TTM | |
|---|---|
| Beta | 0.178 |
| Beta Downside | 0.275 |
| Drawdowns 3y | |
|---|---|
| Max DD | 21.79% |
| CAGR/Max DD | 0.10 |
Description: NBH Neuberger Berman IMF December 30, 2025
Neuberger Municipal Fund Inc. (NBH) is a closed-ended mutual fund launched in July 2002 that invests primarily in U.S. municipal bonds with maturities under 15 years, targeting a weighted-average duration of 3-8 years and restricting holdings to securities rated in the top four categories by major rating agencies.
As of the latest filing, the fund’s net assets exceed $1.2 billion and its 30-day SEC yield hovers around 3.1 %, reflecting the relatively higher yields offered by short- to intermediate-term munis in a rising-rate environment.
Key drivers for the fund’s performance include the Federal Reserve’s policy stance-higher short-term rates compress municipal bond spreads-and state-level fiscal health, which influences default risk and supply of new issuance.
For deeper quantitative analysis, consider reviewing ValueRay’s detailed metrics on NBH’s credit exposure and duration dynamics.
Piotroski VR‑10 (Strict, 0-10) 3.5
| Net Income: 56.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.0 > 0.02 and ΔFCF/TA 0.0 > 1.0 |
| NWC/Revenue: 38.41% < 20% (prev -7.62%; Δ 46.03% < -1%) |
| CFO/TA 0.02 > 3% & CFO 11.5m > Net Income 56.1m |
| Net Debt (227.8m) to EBITDA (75.4m): 3.02 < 3 |
| Current Ratio: 3.93 > 1.5 & < 3 |
| Outstanding Shares: last quarter (29.6m) vs 12m ago 0.0% < -2% |
| Gross Margin: 76.03% > 18% (prev 0.82%; Δ 7521 % > 0.5%) |
| Asset Turnover: 5.14% > 50% (prev 3.37%; Δ 1.77% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBITDA TTM and Interest Expense TTM) |
Altman Z'' 2.21
| A: 0.02 (Total Current Assets 14.9m - Total Current Liabilities 3.79m) / Total Assets 569.5m |
| B: -0.11 (Retained Earnings -60.5m / Total Assets 569.5m) |
| C: 0.13 (EBIT TTM 75.4m / Avg Total Assets 562.1m) |
| D: 1.46 (Book Value of Equity 337.8m / Total Liabilities 231.7m) |
| Altman-Z'' Score: 2.21 = BBB |
What is the price of NBH shares?
As of February 09, 2026, the stock is trading at USD 10.50 with a total of 51,393 shares traded.
Over the past week, the price has changed by +0.29%, over one month by +2.97%, over three months by +3.76% and over the past year by +4.40%.
Over the past week, the price has changed by +0.29%, over one month by +2.97%, over three months by +3.76% and over the past year by +4.40%.
Is NBH a buy, sell or hold?
Neuberger Berman IMF has no consensus analysts rating.
What are the forecasts/targets for the NBH price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 11.5 | 9.8% |
NBH Fundamental Data Overview February 03, 2026
P/E Trailing = 61.5294
P/S = 11.1633
P/B = 0.9206
Revenue TTM = 28.9m USD
EBIT TTM = 75.4m USD
EBITDA TTM = 75.4m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 227.9m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 227.8m USD (from netDebt column, last quarter)
Enterprise Value = 537.6m USD (309.8m + Debt 227.9m - CCE 55.4k)
Interest Coverage Ratio = unknown (Ebit TTM 75.4m / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 537.6m)
FCF Margin = 0.0% (FCF TTM 0.0 / Revenue TTM 28.9m)
Net Margin = 194.2% (Net Income TTM 56.1m / Revenue TTM 28.9m)
Gross Margin = 76.03% ((Revenue TTM 28.9m - Cost of Revenue TTM 6.93m) / Revenue TTM)
Gross Margin QoQ = 68.11% (prev 84.19%)
Tobins Q-Ratio = 0.94 (Enterprise Value 537.6m / Total Assets 569.5m)
Interest Expense / Debt = 1.48% (Interest Expense 3.37m / Debt 227.9m)
Taxrate = 21.0% (US default 21%)
NOPAT = 59.6m (EBIT 75.4m * (1 - 21.00%))
Current Ratio = 3.93 (Total Current Assets 14.9m / Total Current Liabilities 3.79m)
Debt / Equity = 0.67 (Debt 227.9m / totalStockholderEquity, last quarter 337.8m)
Debt / EBITDA = 3.02 (Net Debt 227.8m / EBITDA 75.4m)
Debt / FCF = unknown (Net Debt 227.8m / FCF TTM 0.0)
Total Stockholder Equity = 342.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 9.99% (Net Income 56.1m / Total Assets 569.5m)
RoE = 16.39% (Net Income TTM 56.1m / Total Stockholder Equity 342.4m)
RoCE = 13.34% (EBIT 75.4m / Capital Employed (Total Assets 569.5m - Current Liab 3.79m))
RoIC = 10.54% (NOPAT 59.6m / Invested Capital 565.7m)
WACC = 4.28% (E(309.8m)/V(537.7m) * Re(6.57%) + D(227.9m)/V(537.7m) * Rd(1.48%) * (1-Tc(0.21)))
Discount Rate = 6.57% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 0.0 | Cagr: 0.0%
Fair Price DCF = unknown (Cash Flow 0.0)
EPS Correlation: -20.93 | EPS CAGR: 12.02% | SUE: 0.59 | # QB: 0
Revenue Correlation: -29.57 | Revenue CAGR: -19.23% | SUE: N/A | # QB: 0
P/S = 11.1633
P/B = 0.9206
Revenue TTM = 28.9m USD
EBIT TTM = 75.4m USD
EBITDA TTM = 75.4m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 227.9m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 227.8m USD (from netDebt column, last quarter)
Enterprise Value = 537.6m USD (309.8m + Debt 227.9m - CCE 55.4k)
Interest Coverage Ratio = unknown (Ebit TTM 75.4m / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 537.6m)
FCF Margin = 0.0% (FCF TTM 0.0 / Revenue TTM 28.9m)
Net Margin = 194.2% (Net Income TTM 56.1m / Revenue TTM 28.9m)
Gross Margin = 76.03% ((Revenue TTM 28.9m - Cost of Revenue TTM 6.93m) / Revenue TTM)
Gross Margin QoQ = 68.11% (prev 84.19%)
Tobins Q-Ratio = 0.94 (Enterprise Value 537.6m / Total Assets 569.5m)
Interest Expense / Debt = 1.48% (Interest Expense 3.37m / Debt 227.9m)
Taxrate = 21.0% (US default 21%)
NOPAT = 59.6m (EBIT 75.4m * (1 - 21.00%))
Current Ratio = 3.93 (Total Current Assets 14.9m / Total Current Liabilities 3.79m)
Debt / Equity = 0.67 (Debt 227.9m / totalStockholderEquity, last quarter 337.8m)
Debt / EBITDA = 3.02 (Net Debt 227.8m / EBITDA 75.4m)
Debt / FCF = unknown (Net Debt 227.8m / FCF TTM 0.0)
Total Stockholder Equity = 342.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 9.99% (Net Income 56.1m / Total Assets 569.5m)
RoE = 16.39% (Net Income TTM 56.1m / Total Stockholder Equity 342.4m)
RoCE = 13.34% (EBIT 75.4m / Capital Employed (Total Assets 569.5m - Current Liab 3.79m))
RoIC = 10.54% (NOPAT 59.6m / Invested Capital 565.7m)
WACC = 4.28% (E(309.8m)/V(537.7m) * Re(6.57%) + D(227.9m)/V(537.7m) * Rd(1.48%) * (1-Tc(0.21)))
Discount Rate = 6.57% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 0.0 | Cagr: 0.0%
Fair Price DCF = unknown (Cash Flow 0.0)
EPS Correlation: -20.93 | EPS CAGR: 12.02% | SUE: 0.59 | # QB: 0
Revenue Correlation: -29.57 | Revenue CAGR: -19.23% | SUE: N/A | # QB: 0