**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**WASHINGTON,      D.C. 20549**

**FORM      8-K**

**CURRENT      REPORT**

**MAGYAR      BANCORP, INC.**

| 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 |

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**Item      2.**
**02**
**    Results      of      Operations and Financial Condition**

**Item      9.01**
**Financial      Statements and Exhibits**

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**SIGNATURES**

|                                  | **MAGYAR                BANCORP, INC.** |                                                 |
|---------------------------------------|-----------------------------------------|------------------------------------------------------|
|                                  |                                    |                                                 |   |
|                                  |                                    |                                                 |   |
|                                  |                                    |                                                 |   |
| DATE:                November 8, 2006 | By:                                     | /s/                Elizabeth E. Hance                |   |
|                                  |                                    | Elizabeth                E. Hance                    |   |
|                                  |                                    | President                and Chief Executive Officer |   |

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**EXHIBIT      INDEX**

| Exhibit                No. | Description                                                                                                                                                                                                                                            |
|----------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                       |                                                                                                                                                                                                                                                   |
| 99.1                       | Press                release dated November 7, 2006, announcing the Company’s results of                operations and financial condition at and for the three months and                twelve                months ended September 30, 2006. |