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Delaware UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington , D.C. 20549 FORM 10 - Q QUARTERLY REPORT UNDER SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30 , 2021 Commission File Number 000-51726 Magyar Bancorp , Inc. ( Exact Name of Registrant as Specified in Its Charter ) ( State or Other Jurisdiction of Incorporation or Organization ) 400 Somerset Street , New Brunswick , New Jersey . ( Address of Principal Executive Office ) ( 732 ) 342-7600 20-4154978 ( I.R.S. Employer Identification Number ) ( Issuer's Telephone Number including area code ) Securities registered pursuant to Section 12 ( b ) of the Act : 08901 ( Zip Code ) Title of each class Common Stock , $ .01 per share Trading symbol MGYR Name of each exchange on which registered The NASDAQ Global Market Indicate by check mark whether the registrant ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 during the past 12 months ( or for such shorter period that the registrant was required to file such reports ) , and ( 2 ) has been subject to such filing requirements for the past 90 days . Yes ☑ No □ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S - T during the preceding 12 months ( or for such shorter period that the registrant was required to submit such files ) . Yes ☑ No □ Indicate by check mark whether the registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , smaller reporting company , or an emerging growth company . See the definitions of “ large accelerated filer , ” “ accelerated filer , ” “ smaller reporting company " and " emerging growth company ” in Rule 12b - 2 of the Securities Exchange Act : Large accelerated filer Non - accelerated filer Emerging growth company > > > ✓ Accelerated filer Smaller reporting company ☐ ✓ If an emerging growth company , indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 ( a ) of the Securities Exchange Act . ☐ Indicate by check mark whether the registrant is a shell company ( as defined in Rule 12b - 2 of the Exchange Act ) . Yes □ No ✓ The number of shares outstanding of the issuer's common stock at August 1 , 2021 was 7,098,070 ( subject to adjustment pursuant to the second - step conversion and stock offering which closed on July 14 , 2021 ) .