UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       PURSUANT TO SECTION 13 OR 15(D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

       Date of Report (Date of earliest event reported): January 26, 2007

                              MAGYAR BANCORP, INC.
                              --------------------
               (Exact Name of Registrant as Specified in Charter)

            Delaware                     0-51726                 20-4154978
-----------------------------       ----------------       -------------------
(State or Other Jurisdiction)    (Commission File No.)       (I.R.S. Employer
      of Incorporation)                                      Identification No.)


400 Somerset Street, New Brunswick, New Jersey                    08901
----------------------------------------------                 -----------
(Address of Principal Executive Offices)                       (Zip Code)

Registrant's telephone number, including area code:  (732) 342-7600
                                                     --------------



                                 Not Applicable
                                 --------------
          (Former name or former address, if changed since last report)


Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[  ]  Written communications pursuant to Rule 425 under the Securities Act
      (17 CFR 230.425)

[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act
      (17 CFR 240.14a-12)

[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))






Item 2.02   Results of Operations and Financial Condition
            ---------------------------------------------

     On January 26, 2007,  Magyar Bancorp,  Inc. (the "Company")  issued a press
release  regarding its results of operations and financial  condition at and for
the three months  ended  December  31,  2006.  The text of the press  release is
included as Exhibit 99.1 to this report.  The information  included in the press
release text is considered to be "furnished"  under the Securities  Exchange Act
of 1934. The Company will include financial  statements and additional  analyses
at and for the three months ended December 31, 2006, as part of its Form 10-QSB.

Item 9.01   Financial Statements and Exhibits
            ---------------------------------

(a)         Financial Statements of businesses acquired. Not Applicable.

(b)         Pro forma financial information. Not Applicable.

(c)         Shell Company Transactions. Not Applicable

(d)         Exhibits.

            The following Exhibit is attached as part of this report:


            99.1     Press release dated January 26, 2007, announcing the
                     Company's results of operations and financial
                     condition at and for the three months ended December
                     31, 2006.










                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, hereunto duly authorized.

                                       MAGYAR BANCORP, INC.



DATE: January 29, 2007                By: /s/ Elizabeth E. Hance
                                           ------------------------------------
                                           Elizabeth E. Hance
                                           President and Chief Executive Officer







                                  EXHIBIT INDEX

         Exhibit No.                   Description
         -----------                   -----------

          99.1                         Press  release dated  January  26,  2007,
                                       announcing  the  Company's  results of
                                       operations and financial condition at and
                                       for the three months ended December 31,
                                       2006.