Although marked as solved, I just did this in another way before coming across this topic so thought it may fit to share here. This is what I did, in content-page.php
<article id="post-<?php the_ID(); ?>" <?php post_class(); ?>>
<?php
// Page thumbnail and title.
+ if ( ! is_front_page() ) {
twentyfjorton_post_thumbnail();
the_title( '<header class="entry-header"><h1 class="entry-title">', '</h1></header><!-- .entry-header -->' );
+ }
?>
After adding these 2 line (+) Title is now stripped out on the static front page but shows on other pages. I hope it can help someone.