TheStreet's founder Jim Cramer is "not into" New York-based financial services company Cowen Group (COWN) - Get Report and thinks you should skip it in favor of Bank of America (BAC) - Get Report .

"If you want to go for a broker, go for Bank of America," Cramer, manager of the Action Alerts PLUS portfolio, which owns BAC. The Charlotte-based bank has a book value of $16, indicating "deep value," he added.

An industry analyst said he has more of a neutral stance on the company's stock. He has maintained a "Hold" rating on the stock since he downgraded it this past summer.

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"They are a boutique investment bank with a specialty in the healthcare sector," the analyst said. A significant concentration of its investment banking revenue comes from the healthcare sector, and given the slowdown in equity capital markets, their results have really been weighed down. "I expect them to post an operating loss for the first quarter of this year," he continued. 

The slowdown is effecting more sectors than just healthcare of course, he said, but "healthcare was red hot for several years and as the sector has slowed down, you can see Cowen's results tracking along with that."

Investment banking revenue was about $65 million per quarter for the first half of 2015, compared to expectations of about $25 million for the first quarter of 2016, he explained.

Three analysts who cover Cowen have price targets of $5, $4 and $3.75 for Cowen. Shares are trading near a 52-week low of $2.46 at $3.70 in the early afternoon. Shares are down 3.5% year-to-date.