In a graph, a perfect matching cut is an edge cut that is a perfect matching. perfect matching cut (pmc) is the problem of deciding whether a given graph has a perfect matching cut, and is known to be NP-complete. We revisit the problem and show that pmc remains NP-complete when restricted to bipartite graphs of maximum degree 3 and arbitrarily large girth. Complementing this hardness result, we give two graph classes in which pmc is polynomial time solvable. The first one includes claw-free graphs and graphs without an induced path on five vertices, the second one properly contains all chordal graphs. Assuming the Exponential Time Hypothesis, we show there is no O * (2 o(n) )-time algorithm for pmc even when restricted to n-vertex bipartite graphs, and also show that pmc can be solved in O * (1.2721 n ) time by means of an exact branching algorithm.