Which has the lower trailing P/E, DGICA or MSBIP?

DGICA has the lower trailing P/E: DGICA trades at 9.26 and MSBIP at 15.83. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, DGICA or MSBIP?

Over the past five years, MSBIP grew revenue faster — DGICA at a 3.86% CAGR versus MSBIP at 7.02%.

Does DGICA or MSBIP pay a bigger dividend?

DGICA yields 4.11% and MSBIP yields 7.66% based on trailing dividends and the latest price.

Is DGICA or MSBIP more profitable?

MSBIP runs the higher net margin — DGICA at 7.38% versus MSBIP at 9.71%.

Donegal Group Inc. (DGICA) vs Midland States Bancorp, Inc. (MSBIP)

A side-by-side comparison of Donegal Group Inc. and Midland States Bancorp, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

DGICA

Donegal Group Inc.

$675M

$18.33Financial ServicesDelayed quote: Oct 6, 2026, 12:54 PM EDT

MSBIP

Midland States Bancorp, Inc.

$700M

$25.33Financial ServicesDelayed quote: Oct 6, 2026, 12:44 PM EDT

Total return — DGICA vs MSBIP

growth of $100 · dividends reinvested · last 4y

DGICA +42.5% (+9.3%/yr)MSBIP +38.6% (+8.5%/yr)DGICA compounded faster over this window

DGICA MSBIP

DGICA vs MSBIP: by the numbers

•MSBIP is the larger company ($700M vs $675M market cap).
•DGICA trades at the lower trailing earnings multiple (9.26 vs 15.83 P/E), one valuation lens rather than an overall verdict.
•MSBIP converts more revenue to profit (9.71% vs 7.38% net margin).
•MSBIP grew revenue faster over the past five years (7.02% vs 3.86% CAGR).
•MSBIP pays the higher dividend yield (7.66% vs 4.11%).

Metrics side by side

Valuation

Metric	DGICA	MSBIP
P/E ratio	9.26	15.83
Forward P/E	10.18	7.58
PEG ratio	2.60	N/A
P/S ratio	0.70	1.58
P/B ratio	1.01	1.52

Profitability

Metric	DGICA	MSBIP
Operating margin	9.10%	-22.08%
Net margin	7.38%	9.71%
ROE	10.67%	7.55%

Donegal Group Inc.: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.

Midland States Bancorp, Inc.: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.

Dividends

Metric	DGICA	MSBIP
Dividend yield	4.11%	7.66%
Payout ratio	37.88%	121.10%

Growth (annualized)

Metric	DGICA	MSBIP
Revenue CAGR (5Y)	3.86%	7.02%
EPS CAGR (5Y)	4.28%	N/A
Total return CAGR (5Y)	9.25%	N/A

Frequently asked

Which has the lower trailing P/E, DGICA or MSBIP?: DGICA has the lower trailing P/E: DGICA trades at 9.26 and MSBIP at 15.83. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, DGICA or MSBIP?: Over the past five years, MSBIP grew revenue faster — DGICA at a 3.86% CAGR versus MSBIP at 7.02%.
Does DGICA or MSBIP pay a bigger dividend?: DGICA yields 4.11% and MSBIP yields 7.66% based on trailing dividends and the latest price.
Is DGICA or MSBIP more profitable?: MSBIP runs the higher net margin — DGICA at 7.38% versus MSBIP at 9.71%.

Go deeper

Full DGICA analysis Full MSBIP analysis Interactive comparison tool

Dig into the metrics

Donegal P/E ratio Midland States Bancorp P/E ratio Donegal dividend yield Midland States Bancorp dividend yield Donegal ROE Midland States Bancorp ROE Donegal operating margin Midland States Bancorp operating margin Donegal revenue growth Midland States Bancorp revenue growth

Donegal & Midland States Bancorp appear in these rankings

Highest Dividend Yield Stocks Lowest P/E Ratio Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.