**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)          |

| o | Written                communications pursuant to Rule 425 under the Securities Act (17                CFR                230.425) |
|---|------------------------------------------------------------------------------------------------------------------------------------|

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

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

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

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| **Item                8.01** | **Other                Events.** |
|------------------------------|----------------------------------|

| **Item                9.01.** | **Financial                Statements and                Exhibits.** |
|-------------------------------|----------------------------------------------------------------------|

|   | (a) | Not                Applicable. |
|--------|-----|--------------------------------|

|   | (b) | Not                Applicable. |
|--------|-----|--------------------------------|

|   | (c) | Not                Applicable. |
|--------|-----|--------------------------------|

|   | (d) | Exhibits. |
|--------|-----|-----------|

|   |                       |                                              |
|--------|----------------------------|---------------------------------------------------|
|   | Exhibit                No. | Description                                       |
|   | 99.1                       | Press                release dated April 27, 2007 |

----

**SIGNATURES**

|                                | **MAGYAR                BANCORP, INC.** |                                                 |
|-------------------------------------|-----------------------------------------|------------------------------------------------------|
|                                |                                    |                                                 |   |
|                                |                                    |                                                 |   |
|                                |                                    |                                                 |   |
| DATE:                April 27, 2007 | By:                                     | /s/                Elizabeth E. Hance                |   |
|                                |                                    | Elizabeth                E. Hance                    |   |
|                                |                                    | President                and Chief Executive Officer |   |
|                                |                                    |                                                 |   |

----

**EXHIBIT      INDEX**

| Exhibit                No. | Description                                        |
|----------------------------|----------------------------------------------------|
|                       |                                               |
| 99.1                       | Press                release dated April 27, 2007. |
|                       |                                               |