Exactly. The true meaning of humility is to accept what you are, not to demean yourself.Remember that the person giving the praise has probably needed to summon up some extra confidence from somewhere, and it's up to you not to let them down!
Accept the praise graciously, but don't overdo it!
'I try to do my best' sounds more like you're fishing for more compliments - Kendall's effort is succinct, neither understated nor overstated, I just wish I'd got there first!!