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TOWN, ANNB, GLOI, SPA - Investor Stocks to Watch for Thursday October 28th, 2010

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Hampton Roads based TowneBank (Nasdaq:TOWN) reported that its Board of Directors recently declared a quarterly cash dividend of $2.00 per preferred share on its 8% Non-Cumulative Convertible Preferred Stock, Series A.

The dividend is payable on December 1, 2010 to shareholders of record on November 12, 2010.


Annapolis Bancorp, Inc. (NASDAQ:ANNB), parent company of BankAnnapolis, reported net income of $299,000 for the third quarter of 2010, an increase of $76,000 or 34% from net income of $223,000 in the third quarter of 2009.


GlobalOptions Group, Inc. (Nasdaq:GLOI), a leading provider of risk mitigation and management services, reported that its Board of Directors authorized the repurchase of up to $3 million of the Company’s common stock over a period of 18 months, at such times, amounts and prices as GLOI shall deem appropriate.


Sparton Corporation (NYSE:SPA) reported the award of a $3 million subcontract to manufacture sonobuoys for the United States Navy as part of the ERAPSCO joint venture.

Work will be performed in Columbia City, IN and DeLeon Springs, FL.



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