How to convert a given time (String) to a LocalTime?

Question

I will be asking a user to enter a specific time: 10AM, 12:30PM, 2:47PM, 1:09AM, 5PM, etc. I will be using a Scanner to get the user's input.

How can I parse/convert that String to a LocalTime object? Is there any built-in function in Java that will allow me to do that?