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 17, 2007
                                                ______________________________



               Prudential Bancorp, Inc. of Pennsylvania
______________________________________________________________________________
        (Exact name of registrant as specified in its charter)



        Pennsylvania                 000-51214                   68-0593604
______________________________________________________________________________
(State or other jurisdiction  (Commission File Number)         (IRS Employer
of incorporation)                                          Identification No.)



1834 Oregon Avenue, Philadelphia, Pennsylvania                     19145
______________________________________________________________________________
(Address of principal executive offices)                        (Zip Code)




Registrant's telephone number, including area code   (215) 755-1500
                                                  ____________________________


                            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 7.01 Regulation FD Disclosure
          ------------------------

     On January 18, 2007, Prudential Bancorp, Inc. of Pennsylvania (the
"Company") issued a press release announcing its Board of Directors, at a
meeting held on January 17, 2007, approved the commencement of its third share
repurchase program with respect to up to approximately 5% of the Company's
outstanding shares of common stock owned by persons other than Prudential
Mutual Holding Company.  For additional information, reference is made to the
Company's press release, dated January 18, 2007, which is included as Exhibit
99.1 hereto and is incorporated herein by reference thereto.  The press release
attached hereto is being furnished to the Securities and Exchange Commission
and shall not be deemed to be "filed" for any purpose except as shall be
expressly set forth by specific reference to such filing in other filings of
the Company into which it may be incorporated.

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

     (a)  Not applicable.

     (b)  Not applicable.

     (c)  Not applicable.

     (d)  The following exhibits are included with this Report:

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

          99.1           Press Release, dated January 18, 2007






















                                    2




                                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.

                         PRUDENTIAL BANCORP, INC. OF PENNSYLVANIA


                         By:  /s/ Thomas A. Vento
                              ------------------------------------------
                              Name:   Thomas A. Vento
                              Title:  President and Chief Executive Officer

Date: January 18, 2007

























                                    3

                              EXHIBIT INDEX

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

   99.1              Press Release, dated January 18, 2007